NEW DELHI: India's equity markets made a sharp recovery on Monday, with benchmarks—the BSE Sensex and the NSE Nifty—settling more than 1% higher each, as reports of a potential ceasefire between the US and Iran lifted sentiment. In early intraday deals, the Sensex had plummeted to 72,728.66 while Nifty hit a low of 22,542.95. Broader markets mirrored the positive momentum, with the Nifty Midcap and Small Cap indices rising by 1.52% and 1.29%, respectively. Vinod Nair, Head of Research, Geojit Investments said that crude prices softened marginally on reports of ceasefire efforts, while encouraging provisional banking data supported interest in rate‑sensitive segments. Brent crude prices were trading around $109 per barrel on Monday, while WTI oil prices, after hitting a high of $115.48 per barrel, fell to the $110 mark.

Source: Indian Express April 07, 2026 07:49 UTC