Indian markets extend winning run as Trump opens Hormuz:Sensex rallies 500 pts; oil cools down

Positive sentiment building up on US President Donald Trump’s ‘permanently opening the Strait of Hormuz’ Truth Social post lifted the Indian stock barometers on Thursday, 16 April, 2026. The 30-share Sensex opened with a 500-point gain and rallied to 78,609 points. Similarly, Nifty added 150 points at the opening bell. Stocks like Eternal, Infosys, LT, SBI, Bajaj Finance, ICICI Bank, Tata Steel and Maruti were among the major gainers on the Sensex. Nifty Realty emerges as highest gainer: Sectorally, on the NSE, all indices soared today with Nifty Realty rising the most by 1.75% followed by Media, Metal, etc. Asian markets advance Thursday Oil cools Global crude benchmark, Brent crude prices traded flat below $95 per barrel as US President Donald Trump said that he is ‘permanently opening the Strait of Hormuz’. US markets settle mixed overnight Support and Resistance Support Zone: 23,940 | 23,850 | 23,462 | 23,330 | 22,857 Support means the level where a stock or index gets support from falling further. Buying increases at these levels, so the price does not fall easily. This can be a potential buying opportunity. Resistance Zone: 24,143 | 24,387 | 24,450 | 24,538 | 24,650 | 25,002 Resistance means the level where a stock or index faces difficulty moving higher. This happens due to increased selling. If the resistance zone is crossed, further upward momentum is expected. Note: Support and resistance levels are based on the report by Wealth View Analytics. Rupee stronger on Thursday Rupee rose 6 paise to 93.27 against the US dollar in early trade on Thursday.