After Monday’s Crash, Sensex Likely to Rebound on 8 April Amid Global Optimism
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The BSE Sensex, which plunged over 1,700 points on 7 April 2025, is expected to open sharply higher on 8 April, driven by a global relief rally, positive sentiment across Asia-Pacific, and a 1.51% surge in GIFT Nifty Futures.
The GIFT Nifty is trading at 22,656, up +336 points, pointing to a possible gap-up opening for Indian equities and a rebound in investor confidence.
Snapshot: Global Markets Push Bullish Sentiment
| Index | Change | Sentiment |
|---|---|---|
| Nikkei 225 | +5.64% | Explosive Rebound |
| Hang Seng Index | +2.05% | Bullish Recovery |
| ASX 200 | +1.47% | Upbeat |
| KOSPI | +1.45% | Positive Momentum |
| SSE Composite | +0.19% | Mildly Bullish |
| SZSE Composite | -0.041% | Flat |
| TAIEX | -3.73% | Outlier Weakness |
| GIFT Nifty | +1.51% | Strong Bullish Signal |
Key Drivers for Sensex Today – 8 April 2025
- Global Market Recovery: Major Asian indices are in green, led by Japan’s Nikkei (▲1,757 points).
- GIFT Nifty Surge: At 22,656, up 336 points, indicating a strong bounce.
- FII Activity: Reversal expected after heavy selling on 7 April.
- Sectoral Rebound Likely: Financials, IT, Auto, and Infra could stage recovery.
Technical Outlook for Sensex
- Previous Close (7 April): ~72,500 (approximate)
- Expected Opening: ~73,800 to 74,200
- Resistance Levels: 74,300 / 74,800
- Support Levels: 72,800 / 72,300
- Trend Bias: Short-term bullish with high volatility
Sector-Wise Performance Forecast
- IT & Tech: May rebound after global tech optimism and bargain buying.
- Banking & Financials: Strong potential for short-covering and reversal.
- Auto & Capital Goods: Watch for fresh interest on policy optimism.
- Defensives (Pharma, FMCG): May underperform in bullish momentum.
Analyst Commentary
“After Monday’s heavy correction, today’s open will be all about sentiment revival. If global cues hold, Sensex could reclaim major ground by mid-session,” said Vikram Desai, Head of Research, ProAlpha Securities.
“Markets are entering a rebound phase, but traders must be alert for profit booking at higher levels.”
With strong global cues, a powerful GIFT Nifty rally, and investor appetite returning, the Sensex is expected to stage a meaningful recovery on 8 April 2025. A gap-up open is highly likely, with a focus on high-beta stocks leading the charge. However, sustainability beyond the first half of the session will be key to confirming trend reversal.
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