Nifty Surges 3.78% on Trump-Iran Ceasefire; Top 9 Gainers
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- Nifty climbed 873.70 points (3.78%) to close at 23,997.35, while Sensex surged 2,946.32 points (3.95%) to 77,562.90, marking the fifth straight positive session.
- Adani Green Energy ended 12% higher and Adani Enterprises jumped 9% after Gautam Adani moved a U.S. court seeking dismissal of the SEC's civil fraud case; Adani Ports, Power, Energy Solutions, Total Gas, ACC and Ambuja Cements rallied up to 9%.
- Tata Motors Commercial Vehicles ended 10% higher and Passenger Vehicles rose 9% on the Trump-Iran ceasefire news, which was contingent on reopening the Strait of Hormuz — a chokepoint for one-fifth of global oil flows.
- HDFC Bank closed 5.7% higher at Rs 817.50, extending its winning streak to five sessions with over 7 crore shares traded on the NSE amid demand for bank stocks that had faced FII selling.
- IndiGo closed 8% higher at Rs 4,614 and SpiceJet hit a 5% upper circuit as easing Iran tensions triggered a sharp fall in crude oil prices.
- LIC rallied over 8% to Rs 794.85 after announcing a board meeting on April 13 to consider its first-ever bonus share issue.
- Coal India ended 3% lower as the worst Nifty performer, while Oil India fell 4.6% to Rs 459.75 on profit booking following a 3% rise the prior session.
Why it matters: The Trump-Iran ceasefire, tied to reopening the Strait of Hormuz (one-fifth of global oil flows), drove a broad Nifty rally (+3.78%) as crude prices fell — lifting oil-sensitive sectors like aviation (IndiGo +8%, SpiceJet +5% upper circuit) and banks (HDFC Bank's fifth straight gain). Company-specific catalysts added fuel: Gautam Adani's SEC dismissal motion and LIC's first-ever bonus issue consideration.
