Nifty cheers US-Iran truce; ends near 24,000 mark

Date: 08-04-2026

Nifty extended its optimistic trade for the fifth consecutive session and ended near 24,000 mark on Wednesday amid ease in geopolitical tensions. Index made a gap-up start and maintained its gain throughout the session as US and Iran agreed to a two-week ceasefire. According to reports, Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire. Further, lowering crude oil prices and rupee appreciation boosted market sentiments. Meanwhile, the RBI's Monetary Policy Committee decided to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review, and retained its current policy neutral stance, amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Israel-Iran conflict.

All sectorial indices ended in green. The top gainers from the F&O segment were Ashok Leyland, Adani Green Energy and Force Motors. On the other hand, the top losers were Oil India, Coal India and National Aluminium Company. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 22900 - 23100 puts indicating this is the trading range expectation.