Business EconomyPosted at: Apr 8 2026 5:06PM

New Delhi, Apr 8 (UNI) The benchmark equity indices Sensex and Nifty rallied sharply on Wednesday, settling nearly 4 percent higher. The development comes after the US and Iran announced a two-week ceasefire leading to an impressive rally in global markets and a drop in crude oil prices.
The RBI MPC announcement of pause on repo rate also aided in the uptick in stock market.
At close, Nifty was up 873.70 points or 3.78 percent at 23,997.35 while Sensex ended with a strong gain of 2,946 points, or 3.95%, at 77,562.90.

The volatility index India VIX also plunged by more than 20% to fall below the 20 level.
In terms of sectors, 14 of the 16 major sectoral indices advanced. Only IT and pharma were the laggards.
Larsen & Toubro and InterGlobe Aviation were the key gainers with uptick of 7 percent and 10 percent respectively.
Indian Rupee appreciated 50 paise to 92.56 against the US dollar in early trade following the ceasefire announcement.
Nifty realty also posted significant gains extending its rally for the fifth consecutive session.
The index was supported by gains in Prestige Estates Projects, DLF among others.
On Nifty, the key gainers were Shriram Finance, Adani Enterprises, Tata Motors Passenger Vehicles, Interglobe Aviation and Eicher Motors. While on the losing side included Coal India, Tech Mahindra, Nestle India, Wipro, ONGC.
On the NSE, around 100 stocks touched their 52-week high. These included Adani Energy, Titan Company, ABB India, Natco Pharma, SAIL, Anand Rathi, Aurobindo Pharma, Godawari Power, Granules India, CCL Products, among others.
Nifty Bank index extended gains for the fifth straight session, rising over 5 percent to hit a high of 55,552.25.
AU Small Finance Bank was the top gainer, rising over 8 percent while the shares of union Bank of India and IndusInd Bank followed, gaining 7.82 percent and 6.33 percent, respectively.
UNI VK RN

Please log in to get detailed story.