NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
Billionbrains Garage Ventures (Groww IPO)

Billionbrains Garage Ventures (Groww IPO)

IPO
Issue: 6632.30 CrPrice: ₹ 100.00
View Details

Indian Stock Market Sees Strong Gains Amid Hopes of US-Iran Conflict Resolution

The Indian stock market experienced a significant surge on Tuesday as hopes of a resolution to the US-Iran conflict prevailed, leading to a potential decrease in crude oil prices and reduced inflationary risks for the global economy. The 30-share pack Sensex jumped over 700 points, or nearly 1%, to reach 79,234 during the session, while its NSE counterpart, the Nifty 50, hit an intraday high of 24,561, rising nearly 200 points, or 1%.

The most traded stocks on the NSE included Vodafone Idea, Billionbrains Garage Ventures (Groww), Bank of Maharashtra, Lemon Tree Hotels, Ola Electric Mobility, Suzlon Energy, YES Bank, Reliance Power, Jaiprakash Power Ventures (JP Power), and Adani Power. Hindustan Construction Company (HCC), STL Networks, Tata Gold Exchange Traded Fund, PC Jeweller, Rolex Rings, Vedanta, GTL Infrastructure, HFCL, Jio Financial Services, and PNB Housing Finance were also among the most traded stocks on the NSE.

Most Traded Stocks Today

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

StockVolume (Shares)Percentage Change
Vodafone Idea19 crore3%
Billionbrains Garage Ventures (Groww)14 crore9%
Bank of Maharashtra9 crore7%
Lemon Tree Hotels7 crore13%
Ola Electric Mobility6 crore-2%

Vodafone Idea saw over 19 crore shares change hands as the stock rose nearly 3% during the session, a day after falling 1.5%, snapping its three-day winning run. The company's shares have gained more than 13% so far in April after falling more than 19% in March. Vodafone Idea said in an exchange filing on 17 April that the Telecom Regulatory Authority of India (TRAI) imposed a financial penalty of ₹21.46 lakh on it.

Billionbrains Garage Ventures (Groww) saw over 14 crore shares change hands as the stock surged nearly 9% during the session, looking set to snap its three-day losing streak. Shares of the company jumped a day after it announced a 122% year-on-year jump in its consolidated net profit to ₹686 crore for Q4FY26. So far in April, the stock has surged 40%.

Bank of Maharashtra saw more than 9 crore shares change hands as the stock jumped over 7% to its 52-week high of ₹81.17 on the NSE after it reported a 35% year-on-year (YoY) jump in its net profit at ₹2,014 crore in the fourth quarter of FY26.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Lemon Tree Hotels saw over 7 crore shares change hands, with the stock soaring over 13% during the session, amid reports that the company has signed a new property at Garudeshwar in Gujarat.

Ola Electric Mobility saw more than 6 crore shares change hands, while the stock fell over 2% during the session due to profit booking. On a monthly scale, the stock has gained 68% in April so far, driven by healthy business updates and new product launches.

Investor Takeaway

Investors should be cautious and monitor the market closely as the US-Iran conflict resolution may impact crude oil prices and inflationary risks.

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