Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.
India, the world’s third-largest importer and consumer of oil, has not taken any shipments from Iran since May 2019, when US sanctions led it to halt such purchases.
A temporary ceasefire between Iran and the US is reshaping global markets. Oil prices have dropped significantly as the Strait of Hormuz sees cautious reopening. Stock markets worldwide are experiencing a strong rally, with Indian markets showing substantial gains. This development offers relief from geopolitical tensions and supports economic stability.
Gold price prediction today: Gold prices will likely be range-bound in the coming days, says Divya Mandaliya, Commodity Research Analyst, Anand Rathi Share and Stock Brokers Limited.
The central bank governor is of the view that this will provide the Indian economy with ‘greater resilience’ to withstand shocks. However, the downside risks to growth projections remain, especially in case of a prolonged West Asia conflict.
According to RBI governor Malhotra, high frequency indicators till February, 2026 suggest the continuation of strong momentum in economic activity. Growth impulses continue to be supported by robust private consumption and investment demand.
Iran’s proposal to levy transit fees on ships in the Strait of Hormuz, a vital global oil route, is emerging as a new flashpoint. This move, aimed at generating revenue and exerting geopolitical leverage, challenges international maritime law and could disrupt global trade, pushing energy markets into uncertainty. Nations like India have rejected the idea.
Stock market today: Buoyed by the two week US-Iran ceasefire, stock markets rallied strongly on Wednesday. While Nifty50 went above 24,000 intraday, BSE Sensex rose over 3,000 points.
Stock market recommendations: Birlasoft, Bajaj Holdings, and Gujarat Ambuja Exports Ltd are the stocks recommended for buying by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares today (April 8, 2026):
