Indian markets staged a strong recovery on April 2 after opening sharply lower, with Sensex rebounding over 1,600 points from intraday lows to trade near flat. Nifty 50 also recovered significantly, supported by IT sector strength. However, volatility persisted as investors navigated rising crude oil prices, which surged over 6 percent following US President Trump's aggressive stance on Iran. The rupee rebounded from record lows to 92.94 against the dollar, while precious metals weakened with gold declining 1.3 percent. Global sentiment remained cautious as Asian equities declined on geopolitical tensions and weak international cues. Market participants continued monitoring oil price movements and currency fluctuations as key drivers of near-term performance.
