Indian stock indices shed early jitters:Sensex recovers 1,000 points from day’s low; Nifty bounces back to 22,520

The Indian stock market traded in heavy selling mode on Thursday, 2 April, 2026, after US President Donald Trump said that America would hit Iran hard for the next 2-3 weeks. The 30-company Sensex had crashed 1,400 points to 71,722.57 points. Similarly, the 50-company Nifty had plummeted 450 points to 22,241.50 points in early deals. However, later on, Sensex recovered 1,000 points from day’s low. And, Nifty bounced back to 22,520 level. Sectoral indices mirrored cautious mood Sectorally on the NSE, all indices traded with losses with Nifty Pharma falling the most by 3.75%. Major reasons behind market decline: Trump says US will ‘hit Iran extremely hard’ over next 2–3 weeks The US president said operations will continue until all objectives are achieved, adding that progress so far shows goals could be completed very soon. He said the US would strike Iran “very hard” over the next two to three weeks and intensify its actions. Trump added that “regime change was never our goal”, but said it has happened following the death of Iran’s leader. He also warned that if no deal is reached, the US could target Iran’s power plants. “If no agreement is made, we are ready to strike key targets, including electric facilities, strongly and at the same time,” he said. Asian markets mostly fell on Thursday US markets settled higher in overnight deals Crude oil up 6% to $107 per barrel After Trump’s address on Iran war, global benchmark, Brent Crude prices shot up nearly 6% to $107 per barrel. Markets surged on Wednesday Prior to this, the market saw a surge on 1 April. The Sensex closed up 1,187 points (1.65%) at 73,134. The Nifty also saw an increase of 348 points (1.56%), closing at 22,679.