Sensex jumps 639 points to 77,300

India’s stock market rebounded on April 27, with the BSE Sensex closing up 639.42 points at 77,303.63 and the NSE Nifty 50 ending at 24,092.70. (economictimes.indiatimes.com) (thehindu.com) The move broke a three-session losing streak after the Sensex had fallen 982.71 points on April 24 to 76,681.29 and the Nifty had slipped to 23,897.95. (business-standard.com) (timesofindia.indiatimes.com) Reliance Industries and Sun Pharma helped lead Monday’s advance, and the day’s gains added nearly ₹7 lakh crore to the market capitalisation of BSE-listed companies, taking the total to about ₹468 lakh crore. (economictimes.indiatimes.com) (thehindu.com) The immediate backdrop was a swing in risk appetite tied to global cues and Middle East headlines. Market coverage on April 27 cited easing geopolitical sentiment after the previous week’s selloff linked to oil-price fears and disruption around the Strait of Hormuz. (livemint.com) (business-standard.com) That left investors balancing a one-day rebound against a tougher macro picture for India. On March 24, Goldman Sachs cut its 2026 India growth forecast to 5.9% from a pre-Iran-war estimate of 7% and said it expected a 50-basis-point rate hike. (reuters.com) (business-standard.com) Banks are also preparing for a regulatory change that will alter how they book loan-loss provisions. The Reserve Bank of India said on April 27 that its expected credit loss framework will take effect on April 1, 2027, replacing the older incurred-loss approach with a forward-looking model. (reuters.com) (thehindubusinessline.com) The RBI rules keep the existing non-performing asset classification system but require banks to estimate losses earlier using borrower-level tagging and probability-based assumptions. Analysts cited by banking publications said public-sector lenders could face a bigger provisioning hit than private peers. (thehindubusinessline.com) (economictimes.indiatimes.com) By April 28, the rebound was already being tested, with the Sensex giving back 416.72 points to close at 76,886.91 as crude stayed above $110, the rupee weakened past 94.5 per dollar, and foreign portfolio outflows remained a pressure point. (thehindubusinessline.com) The jump to 77,300 was real, but it came inside a market still being pushed around by oil, geopolitics, regulation and growth downgrades. (thehindubusinessline.com) (reuters.com)