Sensex jumps 639 to 77,300

India’s stock market rebounded on Monday, April 27, with the BSE Sensex jumping 639.42 points to 77,303.63 and the Nifty 50 rising 194.75 points to 24,092.70. (bseindia.com) (upstox.com) The move ended a three-session losing streak for Indian equities after investors bought back into the market across sectors. The Sensex gained 0.83% and the Nifty added 0.81% by the close. (economictimes.indiatimes.com) (upstox.com) Sun Pharmaceutical Industries was the standout gainer, climbing roughly 7% after announcing an $11.75 billion acquisition of Organon. Reliance Industries rose 2.86%, Jio Financial Services gained 3.22%, and Wipro added 2.85%. (thehindubusinessline.com) (upstox.com) The rally was broad enough that all sectoral indexes finished in positive territory, with healthcare, information technology, utilities, realty and power among the leaders. On the Nifty 50, 41 stocks advanced and 9 declined. (thehindubusinessline.com) (upstox.com) Traders tied the bounce to easing geopolitical fears after reports that Iran had sent a proposal to the United States related to reopening the Strait of Hormuz. Asian and European markets also traded higher during the session. (economictimes.indiatimes.com) (upstox.com) Domestic policy headlines added to the mood. Upstox reported support from the end of India-United States trade talks on April 23 and from Commerce Minister Piyush Goyal’s statement that India and New Zealand were set to sign a free trade agreement on April 27. (upstox.com) The rebound came after a rough stretch. On Tuesday, April 28, the Sensex gave back 416.72 points to close at 76,886.91, showing how quickly sentiment was shifting around oil, geopolitics and earnings. (bseindia.com) (economictimes.indiatimes.com) Oil was still the unresolved pressure point. The Hindu BusinessLine said crude was hovering near $108 a barrel on April 27, a level that can feed inflation worries in an economy that imports most of its oil. (thehindubusinessline.com) So the 639-point jump was less a clean all-clear than a sharp relief rally: strong enough to lift Sensex back above 77,300, but not enough to settle the market’s bigger questions. (bseindia.com) (thehindubusinessline.com)