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Indian equity benchmarks rallied, tracking positive global cues after the US and Iran agreed for a temporary 'double sided' ceasefire. The NSE Nifty 50 rose as much as 3.5% to 23,938 and the BSE Sensex rose as much as 3.7$ or 2,775 points to 77,392.
US President Donald Trump announced a 'double-sided ceasefire', stating that the United States 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 added that the US has received a 10-point proposal from Iran, which he described as a workable basis for a longer-term agreement.
Meanwhile, oil prices fell below $100 a barrel after Iran agreed to safe passage through the Strait of Hormuz during the ceasefire. West Texas Intermediate for May delivery dropped more than 16% to $94.47 a barrel. Brent crude for June delivery fell more than 15% to $92.21 a barrel. Elsewhere, Asia markets moved higher, led by South Korea's Kospi, which surged 5.3%. Japan's Nikkei 225 widened gains to 4.5%, while the Topix rose 3.2%. Australia's S&P/ASX 200 also advanced 2.7%.
Here are the 10 key highlights from the governor's speech:


RBI Governor Sanjay Malhotra is set to address the media shortly and announce the Monetary Policy Committee’s repo rate decision.
Track all the live updates here.







India’s bonds rose in trade. The yield on the 10-year note fell as much as 12 basis points to 6.92%.
About 17.6 lakh ICICI Bank shares changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
About 16.5 lakh Ashok Leyland shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
About 20 lakh HDFC Bank shares changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
Time to book profits on rallies, says Kush Bohra.
— NDTV Profit (@NDTVProfitIndia) April 8, 2026
Key Nifty levels to watch are 23,200 as support and 23,800–24,000 as resistance. @KushBohra
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Markets banking on de‑escalation, but caution remains.
— NDTV Profit (@NDTVProfitIndia) April 8, 2026
Market expert @Ajay_Bagga says watch oil, not headlines in conversation with @TamannaInamdar
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Ceasefire talks face tough negotiations ahead.
— NDTV Profit (@NDTVProfitIndia) April 8, 2026
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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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.
Read the full story here.
Markets may see relief, but volatility isn’t over yet.
— NDTV Profit (@NDTVProfitIndia) April 8, 2026
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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Out of war, but not out of danger?
— NDTV Profit (@NDTVProfitIndia) April 8, 2026
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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Euro Stoxx 50 futures rose 5% after the US-Iran ceasefire agreement.
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