Indian equity markets surged strongly on April 8 as Sensex climbed 2,946 points or 3.95% to close at 77,562.90, while Nifty 50 jumped 873.70 points or 3.78% to 23,997.35. The rally was driven by easing US-Iran tensions and crude oil prices falling below $100, reducing inflationary concerns for India. Banking, financial, auto and realty sectors led gains with 6-7% jumps. Lower oil prices support the rupee and ease supply disruption fears from the Strait of Hormuz. Global equities rallied across US and Asian markets, signalling renewed risk appetite. Analysts expect reduced volatility and buying interest in sectors previously pressured by high crude costs. Investors will monitor the RBI's upcoming policy decision for insights on inflation, growth and liquidity management.
