Indian equities staged a sharp rebound as geopolitical tensions eased as Iran and US entered into a ceasefire. On Wednesday, 3850 stocks advanced, 545 declined and 102 remained unchanged on Bombay Stock Exchange with advance decline ratio of 7.06 indicating a positive closing. Moneylife’s Market Breadth Indicators entered the neutral territory after nearly three months in a bearish state, but early April has delivered rare flashes of strength. The first day of the month saw a broad-based rally, with participation expanding meaningfully across segments. That improvement was followed by another surge in the second week, marking the second notable breadth expansion of April 2026. Today, 1146 stocks advanced more than 4.5%, while nearly 1,738 gained over 3%, marking breadth improvements for second time in April 2026.
Today’s rebound was particularly striking, with breadth strengthening alongside a sharp rally in global equities and a plunge in crude oil prices after the United States and Iran agreed to a temporary ceasefire, halting a potential war at the last minute. Indian equities led the global upswing, with benchmark indices posting strong gains as easing supply concerns drove oil lower. Sustained participation across segments will be critical to determine whether these rallies evolve into a durable recovery or fade into another choppy phase.
The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 55 securities advanced and closed at a new 52-week high whereas 12 securities sank to close at their new 52-week lows. Nifty Auto, Nifty PSU Bank and Nifty Infrastructure were among the biggest gainer. Nifty Metal and Nifty FMCG were the only losers.
Larsen & Toubro (L&T) (+7.59%) emerged as the lowest bidder for a ₹22,500 crore package, covering projects like NTPC Lara Stage‑III (2×800 MW, Chhattisgarh) and DVC‑CIL Chandrapura (2×800 MW, Jharkhand). Meanwhile, Bharat Heavy Electricals Limited (BHEL) is the lowest bidder for a ₹10,300 crore package, tied to the Odisha Genco thermal power expansion, strengthening its position in the power equipment segment.
Torrent Power (+3.49%) received Competition Commission of India (CCI) approval (7 April 2026) to acquire 100% of Nabha Power Limited from L&T Power Development. The deal strengthens Torrent’s generation portfolio, marking a strategic expansion in the power sector. The official CCI order is awaited, but the nod confirms regulatory clearance for the transaction.
Railtel (+5.84%) entered a strategic partnership with a leading cloud provider to expand its digital service portfolio. The collaboration will deliver IaaS, PaaS, and SaaS solutions, enhancing scalability, compliance, and operational efficiency for clients.
RBI Governor Sanjay Malhotra has clarified that no material governance or conduct concerns have been found in HDFC Bank (+5.71%) during supervisory assessment. He added that, based on current evaluation, there is no need for regulatory action, offering reassurance amid sector scrutiny.
Max Healthcare (+0.94%) announced a ₹300 crore acquisition of a 58.4% stake in Kalinga Hospital (Bhubaneswar), marking its entry into Eastern India. Kalinga Hospital is a 250-bed NABH-accredited facility with advanced equipment (CT, MRI, Cath Lab) and specialties across neurology, cardiology, orthopaedics, gastroenterology, renal sciences, and oncology. The acquisition is backed by a ₹300 crore Senior Secured Term Loan (ECB) and additional ₹100 crore financing for expansion and equipment. Max Healthcare has also issued a corporate guarantee to refinance the promoter’s $5 million ECB.
Ashiana Housing (+0.15%) clarified to NSE and BSE that it does not qualify as a Large Corporate under SEBI’s debt issuance norms. The intimation, filed on 8 April 2026, formally records its regulatory position on capital market compliance. It confirms the company’s obligations remain outside the scope of SEBI’s large corporate disclosure framework.
Ixigo (+4.69%) Trains and ConfirmTkt’s partnership with Swiggy (+3.10%) significantly enhances the Food on Train service, giving passengers access to meals from 40,000+ restaurants across 160+ stations. Orders can be placed from four days to 30 minutes before arrival, with real time tracking and delivery directly to berths.
Cyient (+3.23%) Semiconductors has completed an $85 million majority stake investment in Kinetic Technologies, a global power semiconductor provider. The deal brings 250+ ASSPs, 100+ IPs, and immediate product scale, strengthening Cyient’s spec to silicon platform for power and compute infrastructure. This integration enhances Cyient’s global credibility, customer base access, and design depth, targeting the $44 billion power semiconductor market opportunity.
EaseMyTrip (+17.41%) has signed an Memorandum of Understanding (MoU) with Delhi’s Public Works Department (PWD) to adopt and enhance two major flyovers — Mayur Vihar Phase 1 and Apsara Flyover. The initiative focuses on maintenance and aesthetic improvement, showcasing the role of public private partnerships in sustainable urban infrastructure.
Lemon Tree Hotels (+3.94%) received CCI approval (7 April 2026) for Coastal Cedar Investments BV’s acquisition of equity in Fleur Hotels Ltd. The nod also covers internal restructuring via amalgamation and demerger, enabling the group to proceed with compliance steps. The detailed CCI order is awaited, which will outline final terms and conditions of the approval.
Aurobindo Pharma (+0.43%) received USFDA final approval to launch both Dapagliflozin + Metformin ER Tablets (bioequivalent to Xigduo XR, $514M market) and Dapagliflozin Tablets (bioequivalent to Farxiga, $10.2B market). Both will be manufactured at APL Healthcare Unit IV and launched immediately, with 180 day shared exclusivity under Paragraph IV certification. This takes Aurobindo’s tally to 579 ANDA approvals (554 final, 25 tentative), reinforcing its strong U.S. generics portfolio in diabetes care.
Dredging Corporation of India (+5.93%) secured a ₹770 crore contract, boosting its order book and industry standing. The project involves extensive dredging operations, expected to positively impact financials in upcoming quarters. This win reinforces the company’s expertise and competitive edge in the dredging sector.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
