Stock Market News Today Live Updates: GIFT Nifty Surges 750 Points After US-Iran Ceasefire Announcement; Brent Crude Slides 15%

• James M Dorsey of the S. Rajaratnam School of International Studies said optimism around ceasefire talks should be tempered.
• He said core differences between the US and Iran remain unresolved, making negotiations challenging.
• Dorsey added that risks linked to the talks are still present despite recent diplomatic signals.

 

Ceasefire talks face tough negotiations ahead.

James M Dorsey of S. Rajaratnam School of International Studies, says optimism should be tempered as core differences between US and Iran remain unresolved. @TamannaInamdar

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— NDTV Profit (@NDTVProfitIndia) April 8, 2026

 

• Jubilant FoodWorks said energy supply has improved over the past few weeks and operations are now back to normal levels.
• The company said dependence on LPG across stores is being progressively reduced.
• It said it is well equipped to handle short-term challenges and clarified reports of weak business linked to LPG supply issues.

• Morgan Stanley maintained Overweight on Titan with a target price of Rs 4,529. It said Q4 domestic jewellery growth of 46% was ahead of expectations, with Tanishq, Mia, Zoya and beYond revenue (ex-bullion) up 47% year-on-year versus its 35% estimate. Buyer growth was in high single digits, while ticket size increased. Gold coins revenue tripled, plain gold rose in the mid‑30% range and studded grew in the early‑30% range.

• Citi maintained Neutral with a target price of Rs 4,750. It said jewellery growth continues to accelerate but noted a decline in studded mix. It highlighted sustained competitive intensity and the likely impact of lab‑grown diamonds. Citi said Titan’s ability to defend margins while maintaining growth will be key for current valuations.

• Investec maintained Buy with a target price of Rs 4,849. It said Titan continued to show strong momentum led by jewellery despite higher gold prices. CaratLane growth was relatively modest. Watches grew slower due to smartwatch weakness, while analogue watches stayed strong. Eyewear growth remained solid, fragrances continued to expand and women’s bags added momentum, while Taneira lagged.

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• Opening cues point to a sharp gap-up start after a two-week ceasefire between the US and Iran, with media reports saying Israel is part of the ceasefire plan.
• US futures and Asian markets moved higher, global bond yields eased and risk-on sentiment returned.
• Brent crude slipped below $100 a barrel to a two-week low, while the dollar index fell below 99. The rupee is seen opening stronger, even as gold prices moved higher.

• Seth R. Freeman of GlassRatner Advisory & Capital Group said markets may see some relief, but volatility is not over yet.
• He said cooling oil prices and higher futures do not point to a quick return to normal conditions.
• Freeman cautioned that the current move should not be seen as a full snap-back in markets.

Markets may see relief, but volatility isn’t over yet.

Seth Freeman warns that even with cooling oil and rising futures, this isn’t a quick snap‑back to “normal.”@sethrfreeman @alexandermats @TamannaInamdar

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— NDTV Profit (@NDTVProfitIndia) April 8, 2026

• David Roche of Quantum Strategy said markets may have avoided the worst of the immediate fallout.
• He said Iran’s stronger position could lead to higher oil prices, lingering inflation and continued geopolitical risk.
• Roche added that uncertainty remains elevated despite recent market moves.

 

Out of war, but not out of danger?

David Roche says markets may have dodged the worst, but Iran’s stronger hand means higher oil, lingering inflation and persistent geopolitical risk. @alexandermats

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— NDTV Profit (@NDTVProfitIndia) April 8, 2026

 

• Angel One said its average client funding book rose 45% year-on-year to Rs 5,849 crore in Q4, while the client base grew 20.5% to 3.74 crore, according to a business update.
• Gross client acquisition increased 12.7% year-on-year to 18.2 lakh during the quarter.
• For March, the average client funding book rose 43% year-on-year to Rs 5,505 crore, while gross client acquisition stood at 5.1 lakh, up 7.5% year-on-year.

• Richard Harris of Port Shelter Investment Management said he does not expect equities to fall sharply from here but warned that the current rally may be another short-lived bounce.
• He said uncertainty around the crisis remains high, adding that while the battle may be over, the war is not. He also said global debt has risen due to the conflict.
• Harris said oil prices remain higher than pre-war levels and are likely to stay elevated in the near term, while the US dollar may ease slightly.

• Prestige Estates reported FY26 pre-sales of Rs 30,024 crore, up 76% from a year earlier, according to an exchange filing.
• Q4 pre-sales rose 10% year-on-year to Rs 7,697 crore.

• Media reports after the ceasefire announcement pointed to wider participation and terms around the pause in hostilities.
• CNN reported that Israel is part of the ceasefire and has agreed to suspend bombing while talks continue. The New York Times reported that Iran’s Supreme Leader approved the plan and accepted Pakistan’s two-week ceasefire proposal.
• Axios reported that the US ceasefire would begin when Iran opens the Strait of Hormuz and that the first round of US-Iran talks is set for Friday in Islamabad. Iran state TV said the US accepted its 10-point plan, while Foreign Minister Abbas Araghchi said Iran would stop defence operations if attacks are halted and safe passage through Hormuz would be possible for two weeks.

• Titan said its consumer businesses grew 46% year-on-year in Q4, according to an exchange filing.
• Domestic business grew 42%, while the jewellery business rose 46%, watches grew 7% and the eye care business increased 16%.
• The company added 47 stores during the quarter.

Euro Stoxx 50 futures rose 5% after the US-Iran ceasefire agreement.

• The Reserve Bank of India's Monetary Policy Committee is widely expected to keep the policy repo rate unchanged at 5.25% when it announces its monetary policy decision today, with all 33 economists tracked by Bloomberg seeing no change.
• The expected pause comes as policymakers assess rising external risks, firmer inflation and signs of slower economic activity. Consumer price inflation rose to 3.21% in February from 2.75% in January, while March manufacturing and services activity also moderated.
• The policy review comes after crude prices moved higher and the rupee came under pressure amid tensions in the Middle East. Economists expect the RBI to focus on liquidity and orderly market conditions, with the April meeting also set to include the central bank’s first full FY27 projections after the shift to new CPI and GDP series.

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• The S&P 500 rose 0.08% to close at 6,616.85, while the Nasdaq Composite advanced 0.10% to 22,017.85.
• The Dow Jones Industrial Average fell 85.42 points, or 0.18%, to close at 46,584.46.

• Futures tied to the Dow Jones Industrial Average rose 718 points, or 1.5%.
• S&P 500 futures added 1.6%.
• Nasdaq 100 futures climbed 1.7%.

• Donald Trump said the US will suspend bombing and attacks on Iran for two weeks, subject to Iran agreeing to the complete, immediate and safe opening of the Strait of Hormuz.
• He said the decision followed requests from Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir to hold back the planned military action.
• Trump said the two-week period would act as a two-sided ceasefire and added that the US has received a 10-point proposal from Iran, which he described as a workable basis for a longer-term agreement.

• GIFT Nifty surged 3.5%, or more than 750 points, to 23,857.50.
• The move points to a strong start for the Nifty 50.
• GIFT Nifty was trading well above Tuesday’s Nifty close of 23,123.65.