Retail Sales rose 0.7% last month, as per the Census Bureau. Traders now anticipate 45 basis points of cuts this year, down from more than 160 bps expected at the start of the year.

Iran Saturday night launched a drone missile attack on Israel. This was in response to a suspected Israeli strike on its consulate in Damascus on April 1 in which seven Iranian Revolutionary Guard Corps personnel, including two generals, were killed.

A hotter-than-expected inflation data in the US has faded hopes that Fed would cut interest rates as early as June. Fed minutes also showed that officials had begun worrying that the current policy rate was not restrictive enough.

Among the Sensex stocks, ITC, Kotak Bank, Bharti Airtel, SBI, and Aisan Paints closed with gains, while Maruti Suzuki, HDFC Bank, L&T, and M&M closed with cuts.

The top gainers were Apollo Hospitals, Hindalco, ICICI Bank, Infosys and Bajaj Finserv while the top losers were Titan Company, Hero MotoCorp, Coal India, Reliance Industries (RIL) and Asian Paints.

US-rate-sensitive IT stocks dropped up to 1.2% as comments from the Federal added to worries that the US central bank could delay rate cuts.

Nifty IT closed 1.15% higher, led by Coforge, Tech Mahindra, and Mphasis. Nifty Auto and Consumer durables also closed higher.

Nestle India was the top Sensex loser and fell around 2.6% on worries over earnings growth in the sector.

From the Sensex stocks, Kotak Bank, HCL Tech, ICICI Bank, Sun Pharma, and Infosys closed in the red, while M&M, Nestle India, Tata Motors, and SBI ended in the green.

JSW Steel and Tata Steel were the top gainers and rose over 4% each. UltraTech Cement, NTPC, L&T, HDFC Bank, and Power Grid also closed with gains, while Titan, Nestle India, Bharti Airtel, and IndusInd Bank ended down today