Story Content

Dalal Street erupted in joy on Wednesday, April 8, 2026, as the BSE Sensex soared 2,946 points (3.95%) to close at 77,562.90 while the NSE Nifty gained 874 points (3.78%) to end at 23,997.35.

The historic rally was caused by the two-week ceasefire announced between the US and Iran that reduced the pressure in geopolitical relations and caused a plunge in oil prices, which led to a surge in investor confidence.

Participation in the broad-based buying was made by all sectors, which saw realty, auto, and banking indices gain by a sharp 5-7%. The BSE-listed companies witnessed an increase of almost ₹17 lakh crore in total market capitalization during one session.

Analysts called it one of the best performances of single days in recent years. A decrease in oil prices will likely relax the cost of the input in the Indian companies and maintain the current account.

The result of the further negotiations between the US and Iran, as well as the monetary policy stance of the RBI, will now find close observation of the market participants as world cues are encouraging in the nearest future.