Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. Brent crude, the global oil benchmark, tumbled 13.70 per cent to USD 94.44 per barrel. He further added that the easing of geopolitical stress has led to a sharp fall in global crude oil prices, which is particularly positive for India from both inflation and currency perspectives. On Tuesday, the Sensex jumped 509.73 points or 0.69 per cent to settle at 74,616.58.

Source: The Telegraph April 08, 2026 09:12 UTC