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Why did the Market Recover in the 2nd Half ?

Why did the Market Recover in the 2nd Half ?

Have IT Stocks Bottomed Out ?

WeekendInvesting Analytics
April 02, 2026

Market Update - Thursday, 2 Apr

The month of April started with a bang yesterday, but today the entire bank got busted. In the State of the Union address by President Trump, he continued the warmongering. While in many tweets he mentioned that the US is ready to withdraw, more elaborate plans of escalation were discussed in that meet, and the markets really tanked off worldwide.

If we look at the charts, there is some silver lining. However, the fact is that the market did open low and went lower to make a new low. It then came back all the way from 22182 to close at 22700. Almost 400 plus points were gained during the day from the bottom, which largely suggests that the market is getting to a point where every dip is now getting bought.

Nifty closed in the positive while Nifty Jr. remained absolutely flat.
Mid caps were 0.32% down and small caps were 0.17% down, staying very much in the same ballpark as they have been in for the past few days.
Nifty Bank rose 0.19%. Gold was smashed down 3% but is still not at a two-day low, so perhaps an uptrend is still possible.
The short term is positive right now, while the midterm and long term are negative and positive respectively.
Silver was also down 5.5% today and is not looking good actually.

Other Market Triggers

The Nifty heat map was largely a mixed bag and mostly red, but IT stocks performed really well.
Others were sort of near about the plus or minus 2% range. In the Nifty Next 50, some stocks like Dmart, LTM, Adani Power, Bosch, Vedanta, and DLF did really well, while some stocks like Pidilite, Torrent Pharma, Hindzinc, Mazdoc, and Mothoot were losing.
Movers of the day include Latent View, which was up 20% on investing in an AI startup, and Vmart, which was up 12% on a revenue jump to 24% on same-store sales.

U.S. Market Updates

U.S. markets are also doing all right for the second day in a row. Intel Corporation rose 8.8%, and Boeing, Eli Lilly, Alphabet, and AMD all did well.
Indices were also up half a percent to 1% for the day.
On the NASDAQ 100 heat map, Google was up 3%, Tesla was up 2.5%, and all the semiconductor stocks like ASML, AMD, Intel, and MU performed quite well in that space.

What to watch next ?

As seen in the chart, in the last six or seven sessions, the market hasn't really gone anywhere lower than where it was seven sessions back.
It is playing around in this 22,500 ballpark, and today was another day where this spring back has come.

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