Stock Market Today Live Updates: Benchmark indices surged sharply on April 8, with the Nifty 50 jumping 3.64% to 23,965 and the Sensex rallying 3.79% to 77,448 around 12:18 pm, reflecting strong market-wide buying. Both indices opened gap-up and sustained gains through the session, with Nifty hitting an intraday high of 24,014 and Sensex touching 77,605.
Broader markets rose in line with benchmark indices. The Nifty MidCap and the Nifty SmallCap were trading 3.24 per cent and 3.15 per cent higher, respectively.
Broader markets rose in line with benchmark indices. The Nifty MidCap and the Nifty SmallCap were trading 3.24 per cent and 3.15 per cent higher, respectively. Among sectors, the Nifty Realty index led gains. The Nifty Auto and the Nifty Financial Services Ex Bank also outperformed.
Meanwhile, the Nifty IT underperformed with the least gains.
Back home, investors are awaiting the outcome of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, due later in the day. While the repo rate is widely expected to remain unchanged, market participants will closely watch the central bank’s commentary for cues on the policy outlook and the impact of recent geopolitical developments.
US President Donald Trump said Washington has agreed to pause its planned strikes on Iran’s power plants and civilian infrastructure for two weeks, contingent on Tehran fully reopening the Strait of Hormuz.
Iran’s Foreign Minister Abbas Araghchi also confirmed in a post on X that the country would halt its military operations.
Asian markets rallied sharply on Wednesday morning, with South Korea’s Kospi leading the gains. Japan’s Nikkei 225 and the Kospi were up 4.97% and 5.69%, respectively.
Overnight on Wall Street, US indices ended marginally higher. The S&P 500 and Nasdaq Composite rose 0.08% and 0.10%, respectively, while the Dow Jones Industrial Average gained 0.18%.
Meanwhile, Brent crude’s April contract plunged 13.6% to $94.42 per barrel on the Intercontinental Exchange, as the reopening of the Strait of Hormuz—one of the world’s key oil supply routes—eased concerns around supply disruptions.
In the commodities market, gold and silver futures traded higher, rising 2.14% and 6.4%, respectively.
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