Previous Session (Wed, Apr 8): Sensex ▲ +2,946 pts (+3.95%) to 77,562.90 | Nifty 50 ▲ +873.70 pts (+3.78%) to 23,997.35 — Biggest single-day rally in 11 months, driven by US–Iran two-week ceasefire & RBI repo rate hold at 5.25%. Crude oil crashed ~14% to ~$94/bbl.
Key Indices — Today's Close
BSE Sensex
76,685
▼ 877.90 pts (−1.13%)
Prev: 77,562.90 | Open: 77,319 | H: 77,429 | L: 76,604
NSE Nifty 50
23,775
▼ 222.25 pts (−0.93%)
Prev: 23,997.35 | Open: 23,909 | H: 23,990 | L: 23,682
Nifty Bank
~54,600
▼ Mildly lower
Banking stocks gave back part of Wednesday's sharp gains
India VIX
~21–22
▲ Slightly elevated
Caution persists; ceasefire sustainability in focus
Nifty Midcap 150
+3.3%
▲ Strong Wed; mild pullback Thu
Smallcap 250 also +3.3% Wed; breadth positive
Nifty Realty
+6.75%
▲ Best sectoral gainer Wed
Sri Lotus, Prestige, DLF among movers; partial pullback Thu
Market Mood — What Drove Today's Session: After Wednesday's historic rally of ~4% on the back of the US–Iran two-week ceasefire and the RBI's decision to hold the repo rate at 5.25%, Thursday saw a natural profit-booking session. Markets opened with a slight gap-down (Gift Nifty was mildly negative overnight) and consolidated below the 23,997 peak. Sensex dropped ~878 pts (−1.13%) and Nifty gave back ~222 pts (−0.93%), in a largely orderly pullback. Analysts note that FII selling pressure — though easing — remains a key overhang, while DIIs continue to provide buying support. The sustainability of Wednesday's rally now hinges on: continued crude stability near $95–98/bbl, RBI's forward guidance, upcoming Q4 FY26 earnings, and whether the Iran ceasefire holds beyond the initial fortnight. Bernstein set a year-end Nifty target of 26,000, calling the ceasefire an "off-ramp" from recent hostilities.
Macro & Commodity Snapshot
Brent Crude
$97.81
▼ Down ~14% from $114 Wed peak
USD / INR
₹92.72
Rupee firmer vs recent ₹94–95 lows
Gold (24K/gm)
₹15,148
▲ Firm; MCX gold spiked post ceasefire
Gold (22K/gm)
₹13,885
▲ ₹2,55,000/kg silver
RBI Repo Rate
5.25%
Unchanged — Apr 8 MPC decision
Petrol / Diesel
₹103.54
Diesel ₹90.03 | LPG ₹912.50
52W Sensex High
86,159
52W Low: ₹71,545 (Apr 2, 2026)
52W Nifty High
26,373
52W Low: ₹22,182 (Apr 2, 2026)
Sectoral Performance — Wednesday 8 Apr (Reference)
| Sector | Move | Note |
|---|---|---|
| Nifty Realty | +6.75% | Best performer; rate-sensitive rally |
| Nifty PSU Bank | +5%+ | Strong buying; IRCTC, SBI, PNB |
| Nifty Auto | +4–5% | Tata Motors led; crude relief |
| Nifty IT | +3–4% | Wipro, Infosys, TCS gains |
| Nifty Metal | +3–4% | Hindalco, Vedanta outperformed |
| Nifty FMCG | +2–3% | Broad-based domestic consumption play |
| Nifty Pharma | +1–2% | Modest; Lupin USFDA approval (Dapagliflozin) |
| Nifty Media | +3–4% | Content & OTT stocks in demand |
FII / DII Activity — Wednesday 8 Apr 2026
FII / FPI
− ₹8,692 Cr
Net sellers | Ongoing FII outflow trend persists despite rally
DII
+ ₹7,979 Cr
Net buyers | 6th consecutive session of DII buying support
Notable Stock Movers — Wed 8 Apr 2026
Top Gainers
Trent+7.89%
Axis Bank+3.94%
Titan+3.58%
L&T+3.19%
UltraTech Cement+3.06%
Bajaj Finance+2.87%
IndiGo+2.75%
Anand Rathi Wealth+4.77%
Apollo Micro Systems+12.50%
Antony Waste+14.50%
Top Laggards
Reliance Industries−3.41%
Sun Pharma−0.03%
Adani Ports−2.10%
Infosys−1.98%
Bajaj Finance (prev wk)−1.63%
UltraTech (prev wk)−1.40%
HCL Tech (prev wk)−1.28%
Key Events This Week
| Date | Event | Outcome / Status |
|---|---|---|
| Apr 8, 2026 | RBI MPC Rate Decision | Repo rate held at 5.25%; no change |
| Apr 8, 2026 | US–Iran Two-Week Ceasefire | Announced by Trump; crude crashed ~14% to ~$94 |
| Apr 8, 2026 | CCEA Approves Kamala HEP | ₹26,069 Cr, 1720 MW hydro project in Arunachal |
| Apr 8, 2026 | NTPC–EDF Nuclear MoU | Non-binding; EPR technology exploration for India |
| Apr 9, 2026 | Anand Rathi Wealth Q4 Results | Declared today; PAT ~₹92 Cr (25% YoY), 1:1 Bonus |
| Apr 9, 2026 | NSE Contingency Drill (Sat) | Special session Apr 11 (test trades only) |
| Apr 14, 2026 | Ambedkar Jayanti | Market holiday — BSE & NSE closed |
Near-Term Outlook
Watch Points for Next Week: (1) Sustainability of the Iran ceasefire — any breakdown could spike crude and reverse sentiment sharply. (2) Q4 FY26 earnings season accelerates — TCS, major banks and consumer names report; earnings quality will determine follow-through. (3) FII flows: FIIs have been net sellers despite the rally; any reversal here could provide a significant leg-up. (4) Crude oil — sustaining below $100/bbl is critical for India's inflation, CAD, and rupee trajectory. (5) US CPI data and Fed commentary — a hot print could strengthen the dollar and tighten EM conditions. (6) Nifty technical levels: Support at 23,300–23,500; resistance band at 24,100–24,400. Bernstein's year-end target: Nifty 26,000.
SEBI Disclaimer & Important Disclosures
For Educational & Informational Purposes Only. This market snapshot has been compiled solely for informational and educational purposes based on publicly available market data, exchange disclosures, and news sources. This does not constitute investment advice, a solicitation, or a recommendation to buy or sell any securities or indices. The compiler/publisher is not a SEBI-registered Research Analyst, Investment Adviser, Portfolio Manager, or Broker-Dealer. Investments in securities markets are subject to market risks. Please read all related documents carefully before investing. Past performance is not indicative of future results. All data pertains to Thursday, April 09, 2026 and is subject to change. Index values are approximate based on available intraday and closing data sourced from public platforms. The compiler accepts no liability for any direct or indirect loss arising from the use of this information. Please consult a SEBI-registered investment adviser before making any investment decision.
