US-Iran ceasefire = fall in crude oil prices + Sensex rally

Wed, 08 April 2026
Share:
13:23
Protests against military action in Iran outside the White House. Nathan Howard/Reuters
Protests against military action in Iran outside the White House. Nathan Howard/Reuters
Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire.

The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014.

From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro, Bajaj Finance, Maruti, UltraTech Cement and Mahindra & Mahindra were also among the prominent gainers. Tech Mahindra, Sun Pharma and Power Grid were the laggards from the pack. Brent crude, the global oil benchmark, tumbled 13.70 per cent to USD 94.44 per barrel. -- PTI