By BullScreen Editorial Team 
The Indian stock market surged sharply at the opening bell on April 8, with the Sensex and Nifty 50 jumping around 3.5%, tracking a strong improvement in global sentiment after a temporary Iran-US ceasefire eased geopolitical concerns.
The rally was broad-based, with heavy buying across sectors. Key gainers in early trade included InterGlobe Aviation, Larsen & Toubro, Adani Enterprises, Shriram Finance, and Asian Paints. Financials and auto stocks also saw strong momentum, pushing benchmark indices higher within minutes of opening.
The upbeat start comes ahead of the closely watched RBI MPC outcome, where Governor Sanjay Malhotra is set to announce the policy decision. Market expectations suggest the repo rate may remain unchanged at 5.25%, according to poll estimates, keeping liquidity conditions stable.
Broader markets mirrored the rally, with indices like Nifty 100, Nifty 200, and midcap and smallcap indices rising over 2.5–3%. The sharp drop in India VIX by nearly 18% signaled reduced market volatility and improved investor confidence.
Global cues played a key role. Gift Nifty surged nearly 800 points after US President Donald Trump announced a two-week ceasefire linked to reopening the Strait of Hormuz, a critical oil supply route. Cooling crude oil prices, down from $111.8 to $109 per barrel, also supported sentiment.
Despite recent volatility, the market had already ended higher in the previous session, with Sensex closing at 74,616.58 and Nifty at 23,123.65.
Investors now remain focused on the RBI’s stance, which could shape near-term direction for equities amid improving global stability.