The SENSEX Index Closes 4.02% Higher

India’s BSE Sensex surged roughly 4% to close at 77,563 on Wednesday, the highest in a month, marking the fifth day of advances, buoyed by the temporary US-Iran ceasefire, along with a sharp drop in oil prices. President Trump suspended planned strikes following Iran’s 10-point proposal, including safe passage through the Strait of Hormuz, with negotiations scheduled in Islamabad on April 10. Market sentiment was also supported by the RBI's decision to hold rates steady and maintain its neutral policy stance. Gains were seen across most sectors. Among equities, IndiGo led the gains with a 8.2% surge, reflecting relief amid lower oil prices. Other major gainers included L&T, Adani Ports, Bajaj Finance, Bajaj Finserv, UltraTech Cement, Maruti Suzuki, Mahindra & Mahindra, Axis Bank, Eternal, and HDFC Bank, which rose between 5% and 7.6%. Tech Mahindra (-1.5%), Sun Pharma (-0.3%) and Power Grid (-0.2%) were the only losers.

The SENSEX Index gained 3001 points or 4.02 percent on Wednesday to close at 77617 points. Gains were led by Tata Motors (8.70%), Larsen & Toubro (7.70%) and Bajaj Finance (7.17%).

India’s BSE Sensex rose sharply, up about 3.6% to 77,296 in early trade on Tuesday, tracking a global market rally after a US-Iran ceasefire eased geopolitical tensions and lifted risk appetite. The index hit its highest level since March 11, after President Trump agreed to a conditional two-week ceasefire with Iran, helping push oil prices below $100 per barrel, a significant positive for India as a major oil importer. Market participants also await the Reserve Bank of India’s policy decision, due later today, with rates widely expected to remain unchanged, which could support liquidity and keep equities broadly stable in the near term. All stock sectors opened in the green, led by financials, technology, and consumer durables. Most active stocks advanced, with notable gainers including InterGlobe (+10%), Larsen & Toubro (+7.1%), Titan (+5.2%), and HDFC (+4.3%), while only Oil & Natural Gas, National Aluminum, Oil India, Coal India, Amir Chand, and Avenue Supermarts posted declines.