New Delhi, April 1 -- Capital market stocks kicked off the new financial year on a bullish note, recording gains of up to 8% on Wednesday, April 1, as the Reserve Bank of India (RBI) deferred its circular on capital market exposures of banks for a period of three months.

Against this backdrop, shares of Motilal Oswal Financial Services (MOSL) emerged as among the top gainers, rallying 8.5%. Angel One and BSE shares gained 7% each on the National Stock Exchange (NSE). Groww, CAMS, and Nippon Life India AMC, HDFC AMC and Anand Rathi Wealth were higher between 3-6%.

The gains were accentuated by a positive setup in the Indian stock market following de-escalation hopes in the US-Iran war, which is in its fifth week. At the time of writing t...