New Delhi, April 16 -- Buy or sell stocks, 16 April 2026: Following strong global cues on the renewed hope of a ceasefire in the US-Iran war, the key benchmark indices of the Indian stock market witnessed strong buying on Wednesday. The Nifty 50 index shot up 388 points and closed at 24,231. The BSE Sensex skyrocketed 1,263 points and closed at 78,111. The Bank Nifty index gained 696 points and closed at 56,30.

The rally was broad-based, with all major sectors trading in the green-led by IT, realty, and energy. Broader markets outperformed once again, with midcap and smallcap indices advancing by more than 2%, reflecting strong risk-on sentiment and improved market breadth.

The Gift Nifty Live Chart is signalling a positive start to the...