The Indian stock market recorded an extraordinary rise on Tuesday following a positive reaction from investors to news of a two-week ceasefire between the US and Iran. After weeks of uncertainty in geopolitics, especially in the Middle East, there was a positive change in investor sentiment, which boosted their confidence in the market. The S&P BSE Sensex was up 2,541.76 points to 77,157.73, while the NSE Nifty50 jumped 746.20 points to 23,869.85 as of 9:25 am.
In the domestic market, the rise in the stock price was rapid and widespread. In the early hours of trading, the bullish attitude of investors contributed to the addition of almost Rs 14 lakh crore to the overall market value of listed stocks at the Bombay Stock Exchange (BSE).
Key Market Impacts of the Ceasefire (April 8, 2026):
- Indian Market Surge: The Sensex opened over 2,600 points higher, while Nifty jumped over 700 points, driven by cooling energy prices and renewed risk appetite.
- Oil and Gold: Crude oil prices dropped by as much as 17% in early trade following the potential reopening of the crucial Strait of Hormuz. Gold prices initially rose, reflecting cautious safe-haven buying.
- Global Rally: Japan’s Nikkei 225 surged 5%, and U.S. stock futures (Dow Jones, S&P 500) rallied, signalling a broad, global positive reaction.
- Market Sentiment: While the initial response was overwhelmingly positive, analysts warned of volatility and potential profit-taking, given the fragile nature of the geopolitical situation and upcoming RBI policy announcements.
Sensex Prediction
Sensex continues to exhibit a gradual strengthening with the formation of higher highs and higher lows on lower time frames, indicating continuation of the short-term recovery trend.
“Key technical levels suggest that support for Sensex is placed in the 74,000 – 74,200 zone, which is likely to act as a demand area on declines, while resistance is seen around 75,000 – 75,350, where upside may face supply and profit-booking pressure,” said Hitesh Tailor, Technical Research Analyst at Choice Equity Broking.
Join our whatsapp group for Latest updates
Click Here for Chhattisgarh News
Click Here for Entertainment News