Market Euphoria: Sensex Skyrockets 2,946 Points as US-Iran Ceasefire Shatters Global Gloom

Nifty Reclaims 24,000 Mark in Historic Rally; Investors Richer by ₹15 Lakh Crore as Crude Crashes 14%

In a historic "Wednesday Wipeout" of recent bearish sentiment, the Indian equity markets staged their most aggressive single-day surge in nearly a year on April 8, 2026. The benchmark BSE Sensex zoomed an incredible 2,946.32 points (3.95%) to settle at 77,562.90, while the NSE Nifty 50 soared 873.70 points (3.78%) to close at 23,997.35, effectively knocking on the door of the 24,000 milestone. The explosive rally was fueled by the sudden announcement of a two-week ceasefire between the United States and Iran, a move that immediately unlocked the Strait of Hormuz and sent global crude oil prices into a tailspin. Combined with a status-quo policy from the Reserve Bank of India (RBI), the news triggered a massive wave of short-covering and fresh institutional buying, with the India VIX (fear gauge) plummeting over 20%.

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