Stock market recap, April 2 -- The Indian equity markets commenced the new financial year on a remarkably bullish note, with Nifty 50 surging 1.56% to close at 22,679.40. This rally, which saw the index reclaim 22,650, was primarily fueled by optimistic global cues following hints of de-escalation in the West Asia war.

Investor sentiment was further bolstered by a sharp decline in crude oil prices and a cooling of U.S. bond yields, triggering significant short-covering and fresh institutional inflows.

Market breadth remained exceptionally strong, characterized by a dominant advance-decline ratio of approximately 10:1, with 2,936 stocks advancing against 283 stocks declining.

On the sectoral front, Nifty PSU Bank (+3.70%) and Nifty Medi...