Markets surge 1.5% driven by positive global cues and bargain hunting; rupee strengthens.

Domestic stock markets ended a week-long consolidation on Tuesday, surging nearly 1.5% and strengthening the recovery trend. The BSE Sensex jumped 1,131 points to 75,301.26, while the NSE Nifty gained 325 points to 22,834.30, driven by bargain hunting and positive global cues.

Broader markets stayed strong, with the Mid-cap Index rising 2.10% and the Small-cap Index soaring 2.73%. Key sectors like real estate, auto, capital goods, consumer durables, power, and banking led the rally.

Vishnu Kant Upadhyay, AVP – Research & Advisory at Master Capital Services, noted upbeat sentiment due to improving global conditions and hopes of a Russia-Ukraine truce as US and Russian Presidents prepared to meet. Weak US economic data and expectations of Federal Reserve rate cuts also lifted markets. Analysts predict a 25 bps RBI rate cut in April.

India’s better-than-expected trade deficit, China’s consumption boost, and value buying at key levels further fueled optimism. "Nifty 50 may rise toward 23,000–23,100, with a breakout pushing it to 23,500–23,800. Support lies at 22,350–22,300