US and Iran Agree to Two-Week Ceasefire — Markets Rally Sharply

8 April 2026
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Source: BusinessToday; Multiple Media Reports

With two hours to spare before a deadline, the US and Iran agreed to a two-week ceasefire. The announcement triggered one of the sharpest single-day rallies in Indian market history. The Sensex surged approximately 2,775 points (+3.7%). The Nifty jumped above 23,900 (+6% from its recent low). Oil prices fell on expectations of the Strait of Hormuz reopening. IndiGo shares surged over 10%. BPCL, HPCL, and IOC rallied on expectations of easing crude costs. India VIX fell 26% in a single session, indicating a sharp reduction in fear.

💰 Impact on your wallet: If you held your nerve through March and didn’t sell, you’ve already recovered a significant portion of the losses. This is exactly why panic selling is destructive — the recovery can happen in a single day, and if you’re not invested, you miss it. A ceasefire is not a peace deal — the conflict could resume. Don’t make dramatic portfolio changes based on one day’s news. If you stopped SIPs in March, restart them now. The market remains approximately 9–10% below its January high — still an attractive entry point for long-term investors.

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