Indian stocks jump on 2-week US-Iran conditional ceasefire:Sensex skyrockets 2,700 points; Nifty surges more than 3%; oil drops

Following the conditional ceasefire of US and Iran war, the Indian benchmark indices opened higher on Wednesday, 8 April, 2026. The 30-company Sensex skyrocketed 2,700 points and the 50-company Nifty jumped 750 points at opening. Nifty Realty – highest sectoral gainer Sectorally on the NSE, all indices soared at opening with Nifty Realty rising the most by over 5% followed by auto, financial services, consumer durables, etc. Stocks like Tech Mahindra, HCL Tech, Power Grid, TCS, NTPC, Infosys, Sun Pharma and BEL were among the major gainers on the Sensex.
US, Iran agree to 2-week conditional ceasefire US President Donald Trump has announced a temporary two-week halt to military strikes on Iran, linking the pause to Tehran’s agreement to ensure safe passage through the strategic Strait of Hormuz. In a post on his social media platform Truth, Trump said he was willing to suspend bombings and attacks for two weeks if Iran immediately reopened the Strait of Hormuz, a crucial global oil transit route. He added that Washington had received a “10-point proposal” from Iran and that most longstanding disputes between the two sides had already seen broad agreement. The two-week window, he said, would be used to finalise and implement a deal. Trump noted that the decision followed appeals from Shehbaz Sharif and Pakistan Army Chief Asim Munir, who urged de-escalation and extended diplomatic engagement. Oil drops Crude oil’s global benchmark, Brent’s prices dropped sharply as Iran agreed to let vessels pass by the Strait of Hormuz following the conditional ceasefire with US. Brent’s prices fell 13% to $94.82 per barrel at the time of writing this article. RBI MPC meet today: The Reserve Bank of India (RBI), governor, Sanjay Malhotra is all set to deliver the Monetary Policy Statement of the 6-8 April 2026 meeting of the Monetary Policy Committee (MPC). The apex bank governor to speak for first time on impact of Iran war on India’s economy. Sensex closes up 510 pts on Tuesday On 7 April, the stock market saw gains for the fourth consecutive day. The Sensex closed up 510 points at 74,617. The Nifty also rose by 155 points, closing at 23,124.