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Markets Score 85 Bullish

Indian Shares Surge Amid U.S.-Iran Ceasefire Rumors

Apr 06, 2026 10:25 UTC
^BSESN, CL=F, ^VIX
Immediate term

Indian equities closed sharply higher on Monday as reports of potential U.S.-Iran ceasefire talks eased geopolitical tensions. The BSE Sensex and Nifty indices both posted significant gains, driven by a stronger rupee and positive market sentiment.

  • Indian shares closed sharply higher on Monday due to U.S.-Iran ceasefire rumors.
  • BSE Sensex rose 1.07% to 74,106.85, and Nifty gained 1.12% to 22,968.25.
  • Indian rupee strengthened by 33 paise against the dollar to 92.85.
  • Reserve Bank of India's MPC meeting is underway, with no rate changes expected.
  • Mid-cap and small-cap indexes surged 1.3% and 1.1%, respectively.
  • Trent and other major stocks like HDFC Bank and IndiGo saw significant gains.

Indian shares rebounded from early losses to end sharply higher on Monday, buoyed by reports of indirect negotiations between the United States and Iran for a potential 45-day truce. The BSE Sensex surged 1.07% to close at 74,106.85, while the NSE Nifty index rose 1.12% to 22,968.25. The market's upward momentum was supported by a rally in the Indian rupee, which gained 33 paise against the U.S. dollar to 92.85, following a significant single-day gain of 152 paise on Thursday. The Reserve Bank of India's ongoing Monetary Policy Committee meeting, which began on Monday, is expected to maintain the current interest rate stance amid heightened geopolitical tensions. Despite a survey showing India's services activity expanded at the slowest pace in over a year in March, investors remained optimistic. The BSE mid-cap and small-cap indexes rose 1.3% and 1.1%, respectively, with strong market breadth as 3,205 shares advanced compared to 1,151 decliners. Key performers included Trent, which climbed nearly 8% after reporting its Q4FY26 and FY26 business update, and HDFC Bank, IndiGo, Bajaj Finance, UltraTech Cement, Larsen & Toubro, Titan Company, and Axis Bank, all of which gained 3-4%.

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