Stock Market Today: Nifty Rises to Near 2-Month Highs on US-Iran Peace Talks

April 21, 2026

Indian Stock Market Today | Indian benchmark indices continued their winning streak for the third consecutive session on April 21, 2026.

Bullish sentiment was fuelled by easing geopolitical tensions and broad-based buying, leading the Nifty 50 to reclaim the critical 24,500 level.

Market Performance Summary

• Sensex: Surged 753 points to close at 79,273.
• Nifty 50: Climbed 212 points to settle at 24,577.

The rally was broad-based, with the Nifty Midcap rising 0.5% and the Smallcap index gaining 0.9%.

FMCG and Realty sectors emerged as the top performers, each gaining over 2%.

Financial heavyweights remained a primary catalyst, as HDFC Bank, Axis Bank and ICICI Bank powered the Nifty Bank index 789 points higher to settle at 57,371.

Read More: ICICI Bank Q4 FY26 Results: Net Profit Beats Estimates at ₹13,702 Cr

Key Trigger: US-Iran Negotiations

Market sentiment turned sharply positive following reports of a second round of diplomatic talks between the U.S. and Iran. US Vice President JD Vance is reportedly traveling to Islamabad to resume negotiations before the current ceasefire expires on April 21.

These developments have boosted hopes for a resolution to the ongoing conflict, directly impacting global risk appetite and energy markets.

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 9.70 points higher at 24,374.55, reached a high of 24,601.70 and closed at 24,576.60.

The index formed a bullish candle on the daily chart, marked by a higher high and higher low, confirming uptrend continuation.

• Immediate Support: 24,500
• Immediate Resistance: 24,650

BANK NIFTY: Opened 241.25 points higher at 56,823.60, reached a high of 57,456.30 and closed at 57,371.45.

The index formed a candlestick pattern similar to the Nifty 50, highlighting continuation of the up move.

• Immediate Support: 57,100
• Immediate Resistance: 57,600

Market Analysis: Key Nifty Indices

Sector Performance

Nifty Top Gainers & Losers

Top Trending Stocks Today

• PNB Housing Finance: Stock surged 8% after Q4 net profit rose 14% YoY to ₹648.7 crore, while net interest income grew 8% YoY to ₹796 crore.
• Nelco: Stock gained over 6% as Q4 net profit came in at ₹1.09 crore versus a loss of ₹4.08 crore last year; revenue increased 17% YoY to ₹79.2 crore
• Zen Technologies: Stock jumped 6% after the company announced diversification into defence hardware, with management guiding for ~35% EBITDA margins in the segment.

Global Macro & Commodity Update

• Asian Markets: Ended largely positive, driven by selective buying in tech and export-oriented stocks.
• European Markets: Traded cautiously with a slight positive bias, as investors remained watchful of macro signals and global risk sentiment.
• Oil Prices: Declined on Tuesday, reversing previous gains, as expectations of US–Iran peace talks raised the possibility of increased supply from the Middle East.
• Gold Prices: Slipped, pressured by a stronger dollar, while uncertainty around US–Iran talks kept sentiment cautious.
• Rupee: Weakened by 37 paise to close at 93.49 against the US dollar.

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