Sensex, Nifty jump nearly 4% on U.S.-Iran ceasefire, correction in crude prices

Equity benchmark indices Sensex and Nifty ended nearly 4% higher on Wednesday (April 8, 206), following an impressive rally in global markets and a drop in crude oil prices, after the U.S. and Iran announced a two-week ceasefire.

Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 points or 3.95% to settle at 77,562.90. During the day, it surged 3,018.96 points or 4% to 77,635.54.

The 50-share NSE Nifty soared 873.70 points or 3.78% to end at 23,997.35. It rallied 901.5 points or 3.89% to 24,025.15 during intra-day trade.