The biggest market event of 2026 so far just happened. Late Tuesday night (April 7–8, US time), President Donald Trump announced a two-week ceasefire with Iran, triggering a global relief rally that will directly shape how Nifty 50 opens on Thursday, April 9.
Trump said he agreed to suspend attacks on Iran for two weeks, and Iran responded by stating that safe transit through the Strait of Hormuz would be possible for two weeks in coordination with its Armed Forces. Al Jazeera
US crude futures fell around 16.5% to $94 a barrel, S&P 500 futures leapt over 2%, and the dollar fell broadly Investing.com on the news. Dow futures spiked by roughly 1,000 points and Nasdaq 100 futures jumped nearly 3%. NBC News
Nifty is likely to open with a strong gap-up, with rate-sensitive sectors such as banks and real estate expected to rally, oil-sensitive sectors such as aviation and OMCs seeing sharp buying, and FMCG and auto stocks benefiting from easing input cost concerns. Business Upturn
After April 8's anticipated strong rally, April 9 is expected to open in the 23,500–23,900 range, with some profit-booking possible at higher levels. The ceasefire window is only two weeks — traders must stay alert to any fresh escalation headline.
