Indian equity markets extended their rally for the fifth consecutive session on April 8, with the Nifty crossing 24,000 mark intraday, amid easing global tensions after US President Donald Trump announced a two-week ceasefire with Iran, triggering a sharp fall in crude oil prices.


The market opened gap-up and sustained gains throughout the session, with benchmark indices surging 4 percent, marking their best single-day performance since May 2025, driven by broad-based buying across sectors and strong participation in broader markets.

At close, the Sensex was up 2,946.32 points or 3.95 percent at 77,562.90, and the Nifty was up 873.70 points or 3.78 percent at 23,997.35. Nifty Midcap and Smallcap indices added 4% each.

The market capitalisation of BSE-listed companies jumped more than Rs 16 lakh crore to Rs 445.57 lakh crore versus Tuesday's Rs 429.26 lakh crore.

Reserve Bank of India’s Monetary Policy Committee (MPC) kept the benchmark repo rate unchanged at 5.25% for the second consecutive meeting, while maintaining a neutral stance amid ongoing geopolitical uncertainty.

The central bank has projected growth at 6.9 percent for FY27. However, Q1FY27 GDP growth has been cut to 6.8 percent from 6.9 percent earlier, while Q2FY27 growth has been lowered to 6.7 percent from 7 percent.

Also, it projected CPI inflation of 4.6 percent for the current financial year (FY27), while for the first quarter of FY27 was pegged at 4.4 percent from the earlier 4 percent, and second quarter projection was kept at 4 percent, down from 4.2 percent.

Shriram Finance, Adani Enterprises, Tata Motors Passenger Vehicles, Interglobe Aviation and Eicher Motors were among biggest gainers on the Nifty, while losers included Coal India, Tech Mahindra, Nestle India, Wipro, ONGC.

All the sectoral indices ended in the green with Auto and Realty rose more than 6 percent, while consumer durables, oil & gas, telecom, infra, PSU Bank, Private Bank advanced 3-5 percent.

In stock-specific action, Titan Company shares jumped 6% following a strong Q4 business update. Life Insurance Corporation of India gained nearly 7% as its board is set to consider a bonus issue. Swan Defence and Heavy Industries rose 5% after bagging a new order worth ?1,500–3,000 crore, while Prostarm Info Systems added over 7% after receiving a Letter of Award as a subcontractor from Solarium Green Energy.

InterGlobe Aviation surged more than 8% as crude oil prices declined following a ceasefire announcement between the US and Iran by Donald Trump. Angel One rallied 9% as its client base increased in March 2026.

Among others, GAIL (India) gained 5.5% after entering into a long-term agreement with a leading Greek shipping company. Aditya Birla Real Estate advanced 6% after reporting bookings of over ?1,600 crore at its Gurugram project, and HFCL climbed 3.3% on securing an order worth ?1,366 crore for the supply of optical fiber cables.

Nearly 100 stocks touched their 52-week high on the BSE, including Adani Energy, Titan Company, ABB India, Natco Pharma, SAIL, Anand Rathi, Aurobindo Pharma, Godawari Power, Granules India, CCL Products, among others.