Stock Market Rally Adds Rs 16 Lakh Cr: Sensex Jumps 2,800 Points, Nifty Crosses 24,000 After US-Iran Ceasefire

Indian equity markets staged a strong rebound on April 8, 2026, with benchmark indices ended higher, supported by easing geopolitical tensions and a sharp decline in crude oil prices that lifted investor sentiment. The BSE Sensex jumped over 2,800 points during the session, while the Nifty 50 crossed the key 24,000 level, indicating a broad-based recovery across sectors.

The rally marked one of the most robust single-day performances in recent months. The surge also led to substantial wealth creation, with the total market capitalisation of companies listed on the Bombay Stock Exchange (BSE) increasing by nearly Rs 16 lakh crore in just one trading session.

Stock Market Today: Sensex, Nifty Rally on April 8; All Sectors Ended in Green

The BSE Sensex surged by 2,983 points to settle at 77,599.66, marking a gain of 4.00%, while the Nifty 50 climbed 889 points to close at 24,012.95, up 3.85%. Out of a total of 4,789 stocks traded during the session, as many as 4,178 stocks, accounting for 87.20%, ended in the green.

Markets had opened on a strong note and maintained momentum throughout the day, supported by heavy buying in frontline stocks and sustained institutional participation.

US-Iran Ceasefire Boosts Stock Market Sentiment, Oil Prices Slide

Investor confidence strengthened after the United States (US) and Iran agreed to a temporary two-week ceasefire, easing fears of further escalation in the Middle East. The development led to a sharp decline in global crude oil prices, which dropped below the 100 dollar per barrel mark.

Lower oil prices are seen as a positive for India, as they help reduce inflationary pressures and improve macroeconomic stability. The announcement of safe passage through the Strait of Hormuz further calmed supply concerns, adding to market optimism.

"Global equity markets have staged a strong recovery following the announcement of a two-week ceasefire between the United States, Israel, and Iran. This triggered a sharp ~14% decline in Brent crude prices, bringing them below $95/bbl and significantly improving sentiment. Indian equities mirrored the global rally," said Mr. Ajay Menon, MD & CEO - Wealth Management, Motilal Oswal Financial Services.

Banking, Realty and Auto Stocks Lead Gains

Sectoral performance remained robust, with banking, auto and real estate stocks leading the uptrend. The Nifty Realty index emerged as the top gainer, surging nearly 7 percent, as improved liquidity outlook and falling yields boosted interest in the sector.

Auto stocks gained on hopes of lower input costs amid easing crude prices.

RBI Keeps Repo Rate Unchanged

Alongside global cues, domestic factors also remained in focus. The Reserve Bank of India kept the repo rate unchanged at 5.25 per cent, maintaining a cautious stance amid ongoing global uncertainties.

RBI Governor Sanjay Malhotra stated that India's GDP growth is projected at 6.9 per cent, signalling a stable economic outlook despite external headwinds.

Financial stocks also witnessed strong buying interest, supported by stable policy signals and expectations of steady credit growth.

Nifty Outlook Ahead After US-Iran Ceasefire For 2 Weeks

"Technically, the Nifty has decisively crossed its critical 20-DMA as well as the key psychological level of 23,500. This bullish breakout opens the door for further upside, with an immediate target of 24,300. A sustained move above 24,300 could trigger stronger momentum towards the next resistance zone. On the downside, 23,500 is now expected to act as a strong support level," said Santosh Meena, Head of Research at Swastika Investmart.

Movement in Crude, Rupee & FII To Trigger

"The near-term outlook remains positive, supported by stable macros, improving sentiment, and liquidity conditions. However, the sustainability of the rally will depend on progress in geopolitical negotiations, easing of supply disruptions, and normalization of energy shipments. Movements in crude oil prices, the rupee, and FII flows will remain key determinants of near-term market direction," said Mr. Ajay Menon, Motilal Oswal Financial Services.

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