Stock Market Today Apr 8: Driven by a ceasefire agreement between the US and Iran, the Indian stock market opened in the green with a massive surge on the third trading day of the week. During this session, both the Nifty 50 and Sensex recorded a jump of over 3 percent. The Sensex opened at 77,290.63, rising by 2,674.05 points or 3.58 percent while the Nifty 50 began the day at 23,855.15, surging by 731.50 points, or 3.2 percent. At the time of writing (around 9:32 AM), the Sensex was trading at 77,275.31, up 3.56 percent (2,658.73 points), while the Nifty 50 was trading at 23,896.60, gaining 3.34 percent (772.95 points).
Stock Market Today Apr 8: Gains Recorded Across All Stocks
Early trading witnessed a rally across all sectors, with gains recorded in every stock. Sector-wise, shares of real estate, auto, banking, and pharmaceutical companies saw gains of up to 6 percent. In the broader market, the Nifty Midcap Index rose by 3.25 percent, and the Nifty Smallcap Index gained 3.22 percent. Additionally, the large-cap indices also recorded gains. Conversely, the India VIX witnessed a decline of 19 percent.
Top Losers and Gainers Today
Within the Nifty 50 basket, shares of IndiGo, L&T, Shriram Finance, Adani Ports, TMPV, M&M, Adani Enterprises, Bajaj Finance, and Maruti Suzuki recorded the highest gains, emerging as the top gainers of the session. In contrast, shares of Coal India, ONGC, Tech Mahindra, Wipro, Sun Pharma, and Hindalco witnessed a decline. This market rally follows U.S. President Donald Trump’s announcement of a two-week ceasefire, contingent upon Iran reopening the Strait of Hormuz.
Stock Market Expert
According to analysts, volatility is likely to persist amidst ongoing geopolitical concerns and the continuous outflow of foreign capital. Analysts advise traders to strictly adhere to risk management strategies, recommending that they buy on dips or focus on specific stocks. It is essential to keep a close watch on key sectors particularly IT, banking, and oil—as market direction in the near future could be determined by volatility and global cues.
Also Read- Indian stock market surges over 3 pc over Iran ceasefire, Sensex jumps 2,775 points
