Mumbai, April 1 -- The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious.

The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent.

Market participants remained optimistic during the session, supported by improving global cues and easing crude oil prices. However, experts noted that markets remain sensitive to ongoing geopolitical developments, particularly in West Asia.

Ajay Bagga, Banking and Market Expert told ANI "Today's session offered returning thoug...