India’s BSE Sensex surged roughly 4% to close at 77,563 on Wednesday, the highest in a month, marking the fifth day of advances, buoyed by the temporary US-Iran ceasefire, along with a sharp drop in oil prices. President Trump suspended planned strikes following Iran’s 10-point proposal, including safe passage through the Strait of Hormuz, with negotiations scheduled in Islamabad on April 10. Market sentiment was also supported by the RBI’s decision to hold rates steady and maintain its neutral policy stance. Gains were seen across most sectors. Among equities, IndiGo led the gains with a 8.2% surge, reflecting relief amid lower oil prices. Other major gainers included L&T, Adani Ports, Bajaj Finance, Bajaj Finserv, UltraTech Cement, Maruti Suzuki, Mahindra & Mahindra, Axis Bank, Eternal, and HDFC Bank, which rose between 5% and 7.6%. Tech Mahindra (-1.5%), Sun Pharma (-0.3%) and Power Grid (-0.2%) were the only losers.
