Top Gainers & losers on April 08: Ashok Leyland, Pine Labs, Tata Motors, Angel One, Groww, Paytm among top gainers(PTI)AI Quick ReadAfter weeks of sustained selling pressure, Indian equities staged a strong rebound in Wednesday’s session, April 8, as easing geopolitical tensions—following a two-week ceasefire agreement between the US and Iran—helped calm fears of energy-driven inflation.
The pause in hostilities led to a decline in energy prices, while a softer US dollar further supported sentiment. Benchmark indices ended sharply higher, with the Nifty 50 and Sensex gaining 3.75% and 3.95%, respectively. The broader market mirrored the uptrend, as both the Nifty Midcap 100 and Nifty Smallcap 100 indices advanced over 4%.
All sectoral indices ended in the green, with Nifty Realty topping the charts by surging 6.75%, while Nifty Auto also posted a similar gain of 6.7%. Other indices, including Nifty Oil & Gas, Nifty Chemicals, Nifty Media, and Nifty Metal, all closed with gains of over 2.5%.
The month-long tensions in West Asia, which rattled equity markets across the world, saw some relief as both the US and Iran agreed to halt missile attacks and restart negotiations. Earlier, amid ongoing nuclear talks with Iran, the US and Israel jointly carried out strikes on February 28, triggering a sharp surge in crude and gas prices.
US President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. Trump said the ceasefire was subject to Iran agreeing to a complete, immediate, and safe reopening of the Strait. The US has also received a 10-point proposal from Iran, which he described as a workable basis for negotiations.
Meanwhile, the Reserve Bank of India kept interest rates unchanged, striking a cautious tone as it monitors the impact of rising oil prices on the economy and pledges to curb any excessive currency volatility.
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments.
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He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom.
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During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles.
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He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements.
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His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.