Business news · Markets · 08 Apr 2026
IN Financial Services Automobile and Auto Components Realty Oil Gas & Consumable Fuels
The Sensex rose 2,946 points to 77,563 and the Nifty 50 gained 874 points (3.8%) to 23,997 after Washington and Tehran agreed a two-week ceasefire and Iran pledged to reopen the Strait of Hormuz. Brent fell nearly 11% to below $90, the rupee firmed 0.44% to 92.58 a dollar and the 10-year bond yield dropped 14.8 bp to 6.90%. HDFC Bank (+5.7%) and ICICI Bank (+5.1%) contributed most; auto and realty indices rose over 6% each. BSE-listed market value rose Rs 16.3 trillion to Rs 445.5 trillion, against Rs 464 trillion before the conflict.
Cheaper crude is India's main relief channel: it eases costs for fuel retailers, airlines, paint and tyre makers, lowers imported inflation and supports the rupee. Lower bond yields lift banks' treasury values and the appeal of rate-sensitive sectors such as autos and real estate, which led the rally. The truce covered only two weeks, so the relief depended on shipping through Hormuz actually resuming; foreign investors still sold Rs 2,812 crore that day while domestic institutions bought Rs 4,168 crore.
Reported by Business Standard — “Markets soar on fragile Iran-US ceasefire, crude fall boosts sentiment” ↗ on 08 Apr 2026.
NSE stocks, from the last close on or before 08 Apr 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 124 | +0.6% | 63 of 124 | -3.0 pts |
| Automobile and Auto Components | 52 | +4.5% | 31 of 52 | +0.9 pts |
| Realty | 17 | +4.4% | 9 of 17 | +0.9 pts |
| Oil Gas & Consumable Fuels | 18 | -2.0% | 8 of 18 | -5.6 pts |
| All tracked stocks | 796 | +3.6% | 434 of 796 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| HDFC Bank Ltd. HDFCBANK | ₹816.1 | ₹726.85 | -10.9% |
| ICICI Bank Ltd. ICICIBANK | ₹1,309.2 | ₹1,389.4 | +6.1% |
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