Sensex Jumps Over 2,600 Points as Global Sentiment Improves

Indian stock markets witnessed a sharp rally on Wednesday, April 8, following the announcement of a two-week ceasefire between the United States and Iran. The positive development improved global investor sentiment, leading to strong gains across major indices. The Sensex surged by 2,600 points, or 3.50 percent, to trade at 77,200, while the Nifty rose by 750 points, or 3.24 percent, reaching 23,900. During early trading, both indices recorded gains of around 3.5 percent, with the Sensex touching 77,290. The Nifty50 also gained more than 3 percent, rising by over 730 points in early sessions. The upward momentum continued even after the market fully opened. At 9:20 AM, the Sensex was trading at 77,313, up by 2,686 points, while the Nifty climbed 800 points to reach 23,921. Global cues also remained positive on Wednesday morning. Asian markets showed strong gains following the ceasefire announcement, reflecting improved investor confidence. Meanwhile, crude oil prices saw a significant decline of 13 percent after reports of the reopening of the Strait of Hormuz. Brent crude was trading at approximately $95 per barrel, while WTI crude stood at $97.32 per barrel. The Reserve Bank of India is also scheduled to announce its monetary policy decisions later in the day. Market expectations indicate that there may be no increase in the repo rate, which has further supported the positive sentiment. Asian Markets Performance: South Korea’s Kospi index rose by 6.35 percent to reach 5,843 Japan’s Nikkei gained 5.12 percent to trade at 56,166 Hong Kong’s Hang Seng index increased by 2.85 percent to 25,832 China’s Shanghai Composite advanced by 1.92 percent to 3,964