Snapping the three-day falling streak, Indian equity benchmarks rebounded nearly a per cent on Monday, following a rally in Sun Pharma and Reliance Industries and positive global trends. Investors’ sentiment improved after reports said that Iran approached the US with a proposal to reopen the Strait of Hormuz.

Some of the important factors in trade:

India, US wrap up three-day trade talks: With an aim of fast-tracking the trade pact, the Commerce and Industry Ministry has said that three-day trade talks between Indian and US officials concluded on April 23, 2026 with both sides agreeing to remain engaged to sustain the momentum. 

Domestic consumption continues to remain key driver of India’s economic growth: Union Finance Minister Nirmala Sitharaman has said that domestic consumption continues to remain a key driver of India’s economic growth but sustained momentum will require consistent and predictable policy support. 

India's fertiliser security remains strong despite global uncertainties: Rejecting claims of shortages, the Department of Fertilizers has said that India's fertiliser security remains ‘strong, stable, and well-managed’, with availability consistently exceeding requirement across all major fertilisers, despite global uncertainties.  

India sees 2.2% fall in export of textiles and garment in FY26: The Global Trade Research Initiative (GTRI) has said that India’s export of textiles and garment saw a 2.2% decline in dollar terms and 2.1% fall in rupee terms in the fiscal year 2025-26, due to contraction in shipments of key labour-intensive segments such as cotton and garments. 

Global front: European markets were trading higher as reports saying Iran has sent a peace proposal to the US aimed at easing the ongoing Middle East conflict lifted investor sentiment. Asian markets ended mixed as upbeat Chinese data and investor enthusiasm around artificial intelligence offset concerns over stalled U.S.-Iran negotiations and Hormuz risks  

Finally, the BSE Sensex rose 639.42 points or 0.83% to 77,303.63 and the CNX Nifty was up by 194.75 points or 0.81% to 24,092.70.      

The BSE Sensex touched high and low of 77,420.04 and 76,754.20, respectively. There were 23 stocks advancing against 7 stocks declining on the index.  

The top gaining sectoral indices on the BSE were Utilities up by 2.50%, Healthcare up by 2.43%, Realty up by 2.35%, IT up by 2.20% and Power up by 2.05%, while there was no losing sectoral index on the BSE. 

The top gainers on the Sensex were Sun Pharma up by 7.03%, Reliance Industries up by 2.88%, Adani Ports &SEZ up by 2.72%, Tech Mahindra up by 2.64% and Mahindra & Mahindra up by 2.13%. On the flip side, Axis Bank down by 3.05%, Bharat Electronics down by 2.00%, Trent down by 0.90%, ICICI Bank down by 0.85% and Eternal down by 0.45% were the top losers.

Meanwhile, with an aim of fast-tracking the trade pact, the Commerce and Industry Ministry has said that three-day trade talks between Indian and US officials concluded on April 23, 2026 with both sides agreeing to remain engaged to sustain the momentum. During the discussions, the two sides covered several areas, including market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade.

The ministry stated ‘The meetings were conducted in a constructive and positive spirit, with meaningful and forward-looking discussions enabling progress on key matters. Both sides agreed to remain engaged to maintain this momentum as they move forward.’ India and the US had earlier issued a joint statement on February 7, 2026, finalising a framework for an interim trade agreement focused on reciprocal and mutually beneficial trade.

The framework reaffirmed both countries’ commitment to the broader India-US Bilateral Trade Agreement (BTA) negotiations. The Indian delegation visited Washington, D.C., for an in-person round of meetings with their US counterparts to finalise the details of the interim agreement and advance negotiations under the broader BTA.

Meanwhile, India’s outbound shipments to the US grew marginally by 0.92 per cent to $87.3 billion during the last fiscal year (FY26), while imports rose by 15.95 per cent to $52.9 billion. As a result, the trade surplus declined to $34.4 billion in 2025-26 from $40.89 billion in 2024-25.

CNX Nifty touched high and low of 24,130.70 and 23,936.20, respectively. There were 39 stocks advancing against 11 stocks declining on the index.        

The top gainers on Nifty were Sun Pharma up by 6.83%, JIO Financial Services up by 3.61%, Reliance Industries up by 3.18%, Tech Mahindra up by 2.91% and Wipro up by 2.82%. On the flip side, Shriram Finance down by 3.69%, Axis Bank down by 2.97%, Bharat Electronics down by 1.90%, Tata Consumer Product down by 1.19% and Trent down by 0.96% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 23.89 points or 0.23% to 10,402.97, France’s CAC rose 59.98 points or 0.74% to 8,217.80 and Germany’s DAX gained 197.02 points or 0.82% to 24,326.00.

Asian markets ended mixed on Monday due to uncertainties linked to the Middle East conflict. Iran has submitted a new proposal via Pakistani mediators to the United States to de-escalate regional conflict and reopen the Strait of Hormuz, following stalled peace talks. Meanwhile, investors were cautiously awaiting for slew of rate decisions this week, the Bank of Japan on Tuesday, the Federal Reserve on Wednesday and followed by both the European Central Bank and Bank of England on Thursday. Chinese shares rose, supported by robust economic data showing profits at major industrial firms jumped 15.5% year-on-year in the first quarter of 2026, accelerating slightly from 15.2% in January-February. Recent data also showed that the Producer Price Index (PPI) grew 0.5% in March, ending a 41-month deflationary streak.