Share markets in India opened with gains on Monday, 4 April, 2026, as oil prices cooled down after US President Donald Trump ensured passage of vessels through the Strait of Hormuz for all countries other than Iran. The 30-share Sensex jumped 997 points to 77,501 points. Similarly, the 50-share Nifty advanced nearly 1% to 24,176 points. Why Indian markets bounce back on Monday? 1. State election results Early trends showed the Bharatiya Janata Party (BJP) challenging the incumbency of Mamata Banerjee-led Trinamool Congress (TMC) in West Bengal. Similarly, BJP led the poll results in Assam as well. This casts a positive sentiment on investors. 2. Trump launches ‘Project Freedom’ OPEC + increases output US President Donald Trump has said the United States will begin helping stranded ships move out of the Strait of Hormuz from Monday. “For the good of Iran, the Middle East, and the United States, we have told these countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business,” he said in a post on social media, without naming the countries involved. Oil prices cool down Amid the positive developments regarding the Strait of Hormuz, the prices of the global oil benchmark, Brent crude, fell to $108 per barrel. Asian markets advanced Monday US markets settled mixed Friday Rupee nears 95/$ Rupee falls 9 paise to 94.93 against US dollar on Monday. Post navigation Ethanol production draining India’s water?:Experts clash over blending program
