Pre-Market 9 April 2026: What To Expect After Nifty Surges To 23,997 Amid Global Rally

Indian equity markets head into Thursday’s session after a sharp rally in the previous trade, driven by easing geopolitical tensions and a steep fall in crude oil prices.

The rally came after a ceasefire announcement in West Asia, which improved sentiment across global markets.

On 8 April 2026, the Nifty 50 jumped 873.70 points (3.78%) to close at 23,997.35. The Sensex rose 2,946.32 points (3.95%) to settle at 77,562.90.

What Happened In Wednesday’s Session?

The Nifty crossed the 24,000 mark during the session for the first time in a month. The rally was broad-based.

InterGlobe Aviation shares rose 8.09%. Larsen & Toubro, Bajaj Finance, Mahindra & Mahindra, and Axis Bank shares also posted gains. On the downside, Tech Mahindra, Sun Pharma and Power Grid shares ended lower.

The rupee strengthened by 47 paise to close at 92.59 against the US dollar.

The Reserve Bank of India kept the policy repo rate unchanged at 5.25%. Policymakers chose to wait and assess the impact of recent global developments.

Global Cues After Market Hours

Global markets stayed firm after Indian trading hours. Sentiment improved following the ceasefire announcement.

US markets moved higher. The S&P 500, as of 1:52 pm (UTC-4), was up by 2.29%, while the Nasdaq Composite also saw strong advances.

European markets saw a broad rally. The Stoxx 600 index rose around 4%, with gains led by auto, mining and travel stocks. Major indices, including Germany’s DAX, France’s CAC 40, and the UK’s FTSE 100, all closed higher.

Asian markets also traded firmly. The Hang Seng index gained 776.49 points (3.09%), while other global benchmarks remained positive.

Uncertainty has not fully eased yet. There were fresh reports of strikes in parts of the Middle East, indicating that tensions are still active on the ground.

While the ceasefire has improved sentiment, the situation remains fluid. Markets could react quickly if there are any new developments.

Oil And Commodities In Focus

Crude oil prices saw a sharp drop after the ceasefire announcement. Brent crude fell 13.89% to $94.09 per barrel.

The decline reflects expectations that supply disruptions may ease. Lower oil prices offered support to global equities.

GIFT Nifty Update

The GIFT Nifty was trading at 24,012.50, down 86.50 points (0.36%) as of 21:07 IST on 8 April.

After a strong rally in the previous session, this points to a softer start for domestic markets. The index continues to hover around the 24,000 mark. This level remains important in the near term.

Technical Levels To Watch

Markets are now close to key levels following the recent surge.

• Immediate resistance is placed in the 24,150–24,200 zone

• A move above this range could open the path towards 24,400 and 24,600

• On the downside, support is seen between 23,850 and 23,800

Volatility may stay high after the sharp move seen in the last session.

Also Read - Post Market, 08 April 2026: Sensex Surges Over 2,900 Points, Nifty Jumps 874 Points

What Should Investors Expect Today?

Global cues are supportive for now. At the same time, developments in West Asia could keep traders cautious.

After the sharp rally, the market may slow down. Some consolidation or sideways movement is possible. The focus will be on whether the index holds above key support levels.

Sources:

Reuters

CNBC TV18

The Hindu Businessline