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

Indices opened strongly and held on to those gains through the day on Wednesday. Markets saw some shift in sentiment after days of uncertainty. This came on the back of eased global concerns.

Volatility also eased, adding to the sense that sentiment has started to improve. That said, it is still early, and the sustainability of this move remains something to watch.

Closing Bell

Sensex rose 2,946 points to close at 77,563. Nifty 50 also gained 874 points to settle at 23,997.

Broader Markets

The broader market saw a strong move, with gains extending beyond the frontline indices. Midcaps and smallcaps both rose over 4%.

The rally was visible across sectors. Auto and realty stocks led the move, each rising more than 6%. Consumer durables, oil & gas, telecom, infra, PSU banks and private banks also saw solid gains, moving up by 3–5%.

How Did The Markets React Through The Session?

Markets opened sharply higher and stayed there through the day. The tone was positive right from the start, with gains holding up across the session. It was less about one sector and more about sentiment improving overall.

The shift was largely driven by what was happening globally. The US and Iran agreeing to a temporary ceasefire helped calm things down. That, in turn, brought back some risk appetite.

Crude oil reacted quickly. Brent crude slipped below the $100 per barrel mark and was around $93.90 after the ceasefire announcement and reopening of the Strait of Hormuz. This helped ease concerns around inflation and supply disruptions.

Back home, the Reserve Bank of India’s policy decision came in during the session. The RBI kept rates unchanged, which was largely expected, and maintained a steady stance.

Other cues also added to the tone. The rupee strengthened by 36 paise to open at ₹92.64 per US dollar, supported by lower oil prices and improving global sentiment.

At the same time, volatility cooled off. The India VIX ended at 19.69, slipping below the 20 mark after a while, which suggests that market nervousness has started to ease.

Asian markets were also in the green throughout the day. That added to the overall support and helped domestic markets hold on to gains.

Commodities Watch: Gold And Silver

Gold and silver opened sharply higher on Wednesday, tracking improving sentiment after signs of de-escalation in West Asia.

In early trade (09:12 IST), gold futures on the MCX rose 2.24% to ₹1,53,651 per 10 grams, while silver jumped 5.24% to ₹2,43,478 per kg.

By midday (12:02–12:13 IST), gold was trading around ₹1,54,460 per 10 grams, up 2.78%. Silver remained strong near ₹2,45,726 per kg, with gains of over 6%.

Later in the session (around 15:22–15:28 IST), metals stayed firm, though slightly off their highs. Gold was up 1.92% at ₹1,53,175 per 10 grams, while silver gained 5.71% to ₹2,44,550 per kg.

Precious metals rose to near three-week highs following the two-week ceasefire and reopening of the Strait of Hormuz. The development was seen as a sign of easing tensions by market participants.

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What Should Investors Watch Next?

There is clearly some relief in the market now. The easing of tensions has helped. But it is still early, and the ceasefire is only for two weeks. What follows from here will be more important.

Markets will likely stay reactive for now. Any update on talks, along with oil and global cues, could move sentiment again.

Sources:

CNBC TV18

Livemint

MoneyControl