Broad Markets, Sectoral, Thematic Indices All Surge on Ceasefire Euphoria 

Mumbai, April 8: Wednesday’s ceasefire-driven rally was emphatically not a story of selective large-cap buying — it was one of the most comprehensive broad-market advances India has witnessed in recent years, with every major benchmark index closing between 3.78% and 5.67% in the green. The Nifty 50 ended 3.78% higher at 23,997, while the Nifty 100 gained 3.95% to 24,666 and the wider Nifty 500 climbed 3.95% to 22,137 — signalling that the rally ran deep well beyond the headline blue-chip universe. Mid and small-cap indices outperformed their large-cap counterparts in a textbook risk-on surge: the Nifty Midcap 50 gained 4.09% to 16,210, Nifty Smallcap 50 jumped 4.62% to 8,078 and Nifty Microcap 250 advanced 4.19% to 21,021. The Nifty Next 50 — a proxy for India’s most dynamic emerging large-caps — surged 4.74% to 66,145, further confirming the breadth and depth of buying across the entire market capitalisation spectrum.

India VIX, the benchmark volatility index, cratered 20.23% to 19.70 — the single most important number of the day — reflecting a wholesale collapse in fear and a decisive return of investor confidence.

Sectoral Indices: Mobility, Realty and Financials Dominate

Among NSE’s sectoral indices, Nifty Auto led with a blistering 6.69% gain to 26,002 as Eicher Motors surged 8.55%, Ashok Leyland rocketed 12.67%, TMPV jumped 8.75% and Motherson soared 8.91%, with the entire auto complex repriced upward on the prospect of significantly lower fuel costs following the ceasefire-driven crude oil price collapse. Nifty Realty followed closely with a 6.75% advance to 687, driven by DLF’s 7.24% gain to ₹572 and Prestige Estates jumping 3.07%, as falling rate expectations and restored economic confidence combined to give property stocks their best day in months. Nifty Financial Services surged 5.54% to 26,053 and Nifty Bank gained 5.67% to 55,703, underpinned by HDFC Bank’s 5.89% advance and Axis Bank’s 6.66% gain — together reflecting the financial sector’s outsized sensitivity to the macro relief the ceasefire provided. Nifty PSU Bank added 5.46% and Nifty Consumer Durables climbed 5.23%, while Nifty IT and Nifty Pharma were the session’s notable underperformers, gaining only 0.52% and 0.56% respectively — a classic rotation away from defensives and safe-haven sectors as risk appetite roared back.

Thematic Indices: The Ceasefire’s Signature Across New-Age Themes

The thematic and strategy indices told an equally compelling story, with several niche benchmarks logging outsized gains that reflected precisely where institutional money was being reallocated on the back of the peace deal. Nifty Transportation & Logistics surged 6.33% to 23,385 and Nifty Mobility jumped 6.31% to 21,008 — both direct beneficiaries of the Strait of Hormuz reopening, which instantly normalised global shipping lanes and freight cost expectations. Nifty Core Housing advanced 5.39% to 14,006, and Nifty Housing added 4.93% to 11,364, as the prospect of lower inflation and possible future rate cuts from the RBI made the interest rate-sensitive housing sector a compelling buy. Nifty India Tourism rocketed 5.72% to 7,265 — with BLS International surging 9.61%, IndiGo jumping 8.09%, Indian Hotels advancing 6.42% and IRCTC gaining 4.17% — as the ceasefire revived hopes of restored international travel confidence and normalised energy costs for the entire travel and hospitality chain. Nifty Capital Markets surged 5.73% to 4,747 and Nifty India Internet advanced 4.66% to 1,164, while Nifty India New Age Consumption jumped 5.07% to 10,591 and Nifty EV & New Automotive gained 5.44% to 2,846 — a broad sweep of new-economy indices reflecting renewed appetite for high-growth, domestically-oriented businesses in a world suddenly free from the shadow of a Middle East oil war.

Ceasefire

Wednesday’s historic surge across every segment of the Indian market was the direct and unambiguous consequence of Pakistani Prime Minister Shehbaz Sharif’s ceasefire announcement, which removed the geopolitical risk premium that had suppressed Indian equities since late February. The confirmation from Iran’s foreign minister that the Strait of Hormuz would be reopened for safe passage — and the US Defence official’s statement that all American strikes had been suspended — transformed the market’s calculus in a single stroke. What had been weeks of grinding losses, soaring volatility and defensive positioning was unwound in hours, as investors who had been waiting on the sidelines rushed back into Indian markets with a conviction that carried indices from the Sensex to the smallest microcap benchmark sharply and decisively higher.

Source:

https://www.nseindia.com/market-data/live-market-indices