stock
Market Euphoria: Sensex Skyrockets 2,946 Points as US-Iran Ceasefire Shatters Global Gloom
Nifty Reclaims 24,000 Mark in Historic Rally; Investors Richer by ₹15 Lakh Crore as Crude Crashes 14%
In a historic "Wednesday Wipeout" of recent bearish sentiment, the Indian equity markets staged their most aggressive single-day surge in nearly a year on April 8, 2026. The benchmark BSE Sensex zoomed an incredible 2,946.32 points (3.95%) to settle at 77,562.90, while the NSE Nifty 50 soared 873.70 points (3.78%) to close at 23,997.35, effectively knocking on the door of the 24,000 milestone.
The explosive rally was fueled by the sudden announcement of a two-week ceasefire between the United States and Iran, a move that immediately unlocked the Strait of Hormuz and sent global crude oil prices into a tailspin. Combined with a status-quo policy from the Reserve Bank of India (RBI), the news triggered a massive wave of short-covering and fresh institutional buying, with the India VIX (fear gauge) plummeting over 20%.
Related Articles
stock
India-Italy Strategic Pivot: Rajnath Singh to Host Italian Counterpart for High-Level Defence Talks
Meeting Set for April 30 in New Delhi; Focus on "Make in India" Co-Production, Submarine Tech, and Maritime Security
Apr 29, 2026
stock
Adani Power Q4 Earnings: Net Profit Jumps 52% to ₹4,017 Crore
Consolidated Profit Surpasses Estimates as Lower Expenses and New PPAs Offset Flat Operational Revenue
Apr 29, 2026
stock
The Kremlin Anchors OPEC+ After UAE's Historic Exit
Moscow Reaffirms Alliance with Saudi Arabia as UAE Pivots to "Total Independence" Following Middle East Naval Crisis
Apr 29, 2026
stock
UAE Quits OPEC: A Seismic Shift in the Global Oil Order
Impact on India: "Net Positive" in the Long Run, but High Volatility Ahead as Brent Nears $108
Apr 29, 2026
stock
Blinkit’s "4x" Blueprint: Eternal Projects 60%+ Growth through 2029
CEO Albinder Dhindsa Forecasts Quick Commerce Dominance; Net Profit Jumps 346% as Blinkit Hits EBITDA Positivity
Apr 28, 2026