Markets surge more than 3% over US-Iran ceasefire

The domestic share market traded on a positive note on Wednesday,led by improving sentiment after the US–Iran ceasefire announcement. At close, the Sensex was up 2,946.32 points or 3.95 percent at 77,562.90, and the Nifty was up 873.70 points or 3.78 percent at 23,997.35.The benchmark indices opened higher, jumped over 3% each after the announcement of two week ceasefire in the US-Iran conflict by both sides
Shriram Finance, Adani Enterprises, Tata Motors Passenger Vehicles, Interglobe Aviation and Eicher Motors were the top gainers on the Nifty, while losers included Coal India, Tech Mahindra, Nestle India, Wipro, ONGC.On the sectoral front,all the sectoral indices ended in the green with Auto and Realty rose more than 6 percent, while consumer durables, oil & gas, telecom, infra, PSU Bank, Private Bank advanced 3-5 percent.Nifty Midcap and Smallcap indices added 4% each.
Rupee Close: 
On 8 Apr'26, the Indian rupee ended 42 paise higher to close at 92.58 against the US dollar on Wednesday, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated the interim ceasefire is seen as a step toward broader regional stability. India benefits immediately from the reopening of the Hormuz Strait, which has pushed oil prices below $100 and reduced downside risks to FY27 EPS growth.The sharp improvement in sentiment has driven a notable decline in the 10‑year bond yield and strengthened the rupee, while the RBI’s status quo stance has further supported financials. Although the Q4 results outlook remains muted, investors are focusing on reasonable valuations and a stable medium‑term earnings trajectory, suggesting that the rally still has room to continue in the near term.
Market experts recommended five shares to buy on Wednesday- Godawari Power and Ispat Limited, Data Patterns (India), Welspun Corp, Sarda Energy & Minerals, and DEE Development Engineers.

(Business Correspondent)