Sensex Surges Nearly 4% as Indian Stock Markets Rally on US-Iran Ceasefire News

MUMBAI, April 8, 2026 — Indian equity benchmarks, the BSE Sensex and NSE Nifty, witnessed a massive surge in early trade on Wednesday, buoyed by a sharp recovery in global markets and a dramatic crash in crude oil prices following a two-week ceasefire agreement between the United States and Iran.

The 30-share BSE Sensex skyrocketed by 2,775.73 points, or 3.71 percent, to hit 77,392.31, while the broader NSE Nifty jumped 815.2 points to 23,938.85. Investor sentiment was primarily bolstered by the reopening of the Strait of Hormuz, which eased energy supply fears and sent Brent crude tumbling over 13 percent to $94.80 per barrel.

InterGlobe Aviation led the gainers with a nearly 10 percent jump, followed by heavyweights like Larsen & Toubro, Bajaj Finance, and Adani Ports, while Tech Mahindra stood out as the sole laggard in the pack.

The domestic rally mirrors a broad “bull charge” across Asian markets, including Japan’s Nikkei and Hong Kong’s Hang Seng, as the geopolitical de-escalation significantly lowers inflation risks for energy-dependent economies like India. Market experts suggest that the ceasefire has fundamentally altered the near-term trading landscape, shifting focus back to fair valuations and domestic growth.

While Foreign Institutional Investors (FIIs) were net sellers on Tuesday, Domestic Institutional Investors (DIIs) provided strong support with purchases totaling nearly ₹7,980 crore.

As the markets trade near record highs, all eyes are now on Reserve Bank of India Governor Sanjay Malhotra for the Monetary Policy Committee’s decision at 10 am, which is expected to provide further direction for the rupee and interest rate trajectory.