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

Equity benchmark indices Sensex and Nifty ended astir 4% higher connected Wednesday (April 8, 206), pursuing an awesome rally successful planetary markets and a driblet successful crude lipid prices, aft the U.S. and Iran announced a two-week ceasefire.

Rallying for the 5th time successful a row, the 30-share BSE Sensex jumped 2,946.32 points oregon 3.95% to settee astatine 77,562.90. During the day, it surged 3,018.96 points oregon 4% to 77,635.54.

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