Stock market recap, April 28 -- The market rally on Monday, 27 April, was driven by sectoral recoveries and easing geopolitical tensions.

Sun Pharmaceutical Industries surged more than 7%, leading Nifty gainers after announcing an $11.75 billion acquisition of Organon. The IT sector also rebounded, with the Nifty IT index rising nearly 2% as stocks such as Infosys, Wipro, and Tech Mahindra recovered on bargain buying after recent declines. Investor sentiment improved on reports of possible de-escalation in West Asia, including signals that Iran may reopen the Strait of Hormuz.

Volatility eased sharply, with the India VIX falling more than 6% to below 19, indicating reduced market fear. Broader markets outperformed, with the Nifty Smallc...