



Have the bulls returned to Indian equities?
Subscribe to enjoy similar stories.Indian equities caught a strong bid on Wednesday, with both the Nifty 50 and the S&P BSE Sensex rallying nearly 2%, as easing tensions in West Asia lifted investor sentiment. The mood turned distinctly risk-on amid growing signs that the conflict may be approaching a resolution.As per reports, US President Donald Trump suggested the war is “close to over,” even hinting at a second round of face-to-face talks with Iran in Pakistan in the coming days.
The prospect of de-escalation has injected fresh confidence into markets that have been on edge in recent weeks.Since the conflict broke out, both the Nifty 50 and the Sensex have slipped nearly 4%, underscoring the pressure on equities, while the India VIX has surged over 36%, a clear sign of heightened nervousness and volatility in the market.On Wednesday, both Nifty 50 and Sensex ended 1.6% higher at 24,231.30 and 78,111.24 points respectively.The ongoing recovery structure remains firm, with Nifty rebounding over 2100 points from its recent lows despite intermittent volatility, signalling a potential shift in short-term trend, believes Sudeep Shah, head-Technical and Derivatives Research at SBI Securities. Notably, the index has closed above its 50-day EMA (Exponential Moving Average) for the first time since 23 February, 2026, which indicates sustained buying interest from lower levels, he added.“Going ahead, the 24070-24050 zone will act as an immediate support area for the index.
On the upside, the 24350-24400 zone will act as an immediate resistance, and a sustained move above this band could lead to further upside toward the 24550 level.”A bounce back was visible across the board with all sectors ending in the green. Among the top
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