Finance
Stock Market Highlights on Wednesday, April 8, 2026: The Nifty50 and Sensex are on a five-day winning streak after the US and Iran agreed to a truce and the Reserve Bank of India maintained the status quo.
The Nifty50 closed 3.78 percent, or 873.70 points, higher at 23,997.35, while the Sensex was trading 3.95 percent, or 2,946.32, higher at 77,562.90.
The top Nifty50 gainers were Shriram Finance, Tata Motors Passenger Vehicles, and Adani Enterprises.
In the broader markets, both the Nifty MidCap and the Nifty SmallCap indices finished 4.03 percent and 4.39 percent higher, respectively.
Sector-wise, the Nifty Realty and Nifty Auto beat their counterparts. Meanwhile, the Nifty IT underperformed, making the fewest gains.
The Reserve Bank of India’s (RBI) Monetary Policy Committee opted to leave the benchmark policy repo rate at 5.25 percent in the April monetary policy review, maintaining its current policy neutral stance. As a result, the Marginal Standing Facility (MSF) and Standing Deposit Facility (SDF) rates have remained steady at 5% and 5.5%, respectively.
US President Donald Trump announced that Washington has decided to postpone the planned attack on Iran’s power plants and civilian infrastructure for two weeks. The move was reliant on Iran agreeing to fully open the Strait of Hormuz.
Abbas Araghchi, Iran’s Foreign Minister, also announced in a post on the X platform that Tehran is halting military operations.
Source: BS
