Stock market recap, April 8 -- Nifty 50 rebounded sharply on Tuesday, gaining 155.40 points (0.68%) to close at 23,123.65, marking its fourth consecutive session of gains. The index opened weak, falling more than 120 points and slipping nearly 1% amid concerns about escalating US-Iran tensions and rising crude oil prices. However, sentiment improved later in the session following reports of a potential peace plan, triggering a strong recovery.

Sectoral gains were led by IT stocks, which surged 2.5% (including Wipro and TCS), along with notable strength in the metal and realty sectors.

Nifty 50 opened on a weak note at 22,838.70, tracking negative global cues and geopolitical concerns. The index initially slipped further to an intraday l...