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Indian equity benchmarks posted their best closing in nearly a year on Wednesday as a temporary ceasefire between the United States and Iran eased market anxiety. The Reserve Bank of India's decision to keep repo rates steady pulled up bank, auto and realty stocks.
The Nifty 50 settled 873.7 points or 3.78% higher at 23,997.35. The BSE Sensex added over 2,900 points (3.95%) to close at 77,562.9. HDFC Bank, ICICI Bank and Larsen & Toubro were the top points contributors to the Nifty.
The broader markets matched the performance of the blue-chip gauges. The Nifty Smallcap 250 and Nifty Midcap 150 settled nearly 4% higher. On the BSE, over 3,700 stocks ended higher and 534 declined.
Among sectors, the Nifty Realty, Nifty Auto and Nifty Bank were the top gainers on the NSE.
US President Donald Trump announced a 'double-sided ceasefire', suspending attacks on Iran for two weeks, subject to Tehran agreeing to the complete, immediate and safe opening of the Strait of Hormuz. 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.
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.
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The 50-stock Nifty index added Rs 6.4 lakh crore in market capitalisation today.
The rupee appreciated 0.45% to close 42 paise higher at 92.58 against the dollar amid broader strength in Asia.

Indian equity benchmarks posted their best closing in nearly a year on Wednesday as a temporary ceasefire between the United States and Iran eased market anxiety. The Reserve Bank of India's decision to keep repo rates steady pulled up bank, auto and realty stocks.
The Nifty 50 settled 873.7 points or 3.78% higher at 23,997.35. The BSE Sensex added over 2,900 points (3.95%) to close at 77,562.9.
Coal Ministry Joint Secretary Sanjeev Kumar Kassi said the coal industry is ready to meet consumer demand with support from the railways.
About 25 lakh Adani Power shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
About 10.9 lakh Kotak Mahindra Bank shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

The India Volatility Index or VIX of the NSE is down 20% amid the broad-based rally.


Electronics industry flags raw material cost hikes, cost burden may be passed on to consumers on war impact
Sources
The earnings season is back for Indian listed corporates and the March‑quarter (Q4) results are arguably the most important numbers companies report all year. Unlike earlier quarters, Q4 results capture the full impact of annual demand, cost pressures, balance‑sheet decisions and capital allocation. They also set the tone for management outlook in the new financial year.
Yet for investors, the challenge remains the same: separating lasting signals from short‑term noise. Headline profit growth may grab attention, but it is rarely enough. Here is a simple five‑point framework to help investors read Q4 results with greater clarity and context.


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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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