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Sensex Today Rallies 2,946 Points | Nifty Above 23,950 | Tata Motors Up 10%
Wed, 8 Apr Closing

Sensex Today Rallies 2,946 Points | Nifty Above 23,950 | Tata Motors Up 10%Image source: smagilov/www.istockphoto.com

Although the benchmark indices opened higher, they traded positive throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 clocked a five-day gaining streak as the US and Iran agreed to a ceasefire and the Reserve Bank of India maintained the status quo.

At the closing bell, the BSE Sensex  closed higher by 2,946 points (up 3.9%)

Meanwhile, the NSE Nifty closed 873 points higher (up 3.7%)

M&M, Maruti Suzuki, Bajaj Finance are among the top gainers today.

Tech Mahindra, Sun Pharma, Power Grid Corp on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,089 higher by 951 points at the time of writing.

The BSE 150 Midcap index is trading 3.9% higher and the SE 250 SmallCap index is trading 3.8% higher.

Sectoral indices are trading positive today with stocks in auto sector and realty sector witnessed buying.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 92.5 against the US$.

Gold prices for the latest contract on MCX are trading 1.9% higher at Rs 1,53,200 per grams.

Meanwhile, silver prices were trading 5.6% lower at 2,44,439 per 1 kg.

Five reason why Indian share markets are rising:

#1 West Asia Two-Week Ceasefire

The US announced a two-week ceasefire with Iran just before a key deadline, with Iran agreeing to allow safe passage through the Strait of Hormuz if attacks stop. Israel has also reportedly agreed, easing tensions in the region.

#2 Oil Prices Fall

Oil prices dropped sharply after the ceasefire news, reversing earlier gains caused by fears of supply disruption. However, prices are still higher compared to levels before the conflict began.

#3 Rupee Rebounds

The Indian rupee strengthened as oil prices fell and domestic markets recovered. A weaker dollar and easing US bond yields also supported the currency's gains.

#4 RBI MPC Outcome

The RBI kept interest rates unchanged, taking a cautious approach due to global uncertainties. Policymakers are closely watching the impact of the conflict on inflation and growth.

#5 Asian Stocks Rally

Asian markets surged after the ceasefire announcement, reflecting improved investor sentiment. Major indices in countries like Japan and South Korea saw strong gains.

Speaking of stock markets, Rahul Shah, Research Analyst at Equitymaster, says short-term news creates noise, while investors should focus on long-term growth and think in terms of a 7-year horizon.

He highlights choosing resilient companies with strong finances, low volatility, and reasonable valuations to reduce risk. He also explains that a disciplined, data-based approach helps avoid emotional decisions and improves long-term returns.

Watch to know more.

Titan Q4 FY26 Results

Shares of Titan came into focus after the company reported its Q3 FY26 results.

In its quarterly update, the company reported strong performance in its jewellery business, with revenue growing by about 46% year-on-year in Q4FY26. Consumer demand remained strong, with sales rising 52%, mainly driven by Tanishq and supported by Mia. Despite high gold prices, the company saw a recovery in buyer growth compared to earlier quarters.

The watch division grew 7%, led by strong demand for analog watches, which increased 16%. However, smart watch sales dropped sharply by 53%. Growth in analog watches was driven by brands like Titan and Sonata, along with international labels, as customers showed interest across both premium and affordable segments.

Other segments also performed well, with fragrances growing 30%, supported by Fastrack and Skinn. Women's bags saw a strong 47% growth due to store expansion and higher demand. However, Taneira sales remained slightly lower, declining by 1% during the quarter.

Titan Stock Price - 6 Months

Prostarm & Topband Partner for BESS Manufacturing

Prostarm Info Systems Ltd has signed an international agreement with Shenzhen Topband Co. Ltd to explore a strategic partnership in battery energy storage systems (BESS).

Under this plan, Topband will provide technology, components, and semi-assembled kits, while Prostarm will handle local assembly, integration, and sales in India. The products will be sold under a joint or Prostarm brand, depending on the market need.

The partnership will focus on serving commercial, industrial, and large-scale energy storage projects in India, supporting the government's "Make in India" initiative.

As part of the agreement, Prostarm has committed to purchasing a minimum of $10 million worth of products over 18 months, based on mutually agreed terms. Further details will be shared once final agreements are signed.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

Read the latest Market Commentary


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