New Delhi, June 14 -- Indian markets witnessed a sharp gap-up on 8th April 2026, with a closing gain of 3.8% by Nifty50 and 4.2% by Microcap index. The move was driven by President Trump's announcement of a two-week ceasefire. Iran also agreed to temporarily allow the passage of ships, resulting in a sharp fall in crude oil prices to below $100. However, the rally was short-lived.

The ceasefire only paused direct U.S.-Iran strikes while deeper geopolitical tensions remained unresolved. Although the ceasefire was technically extended the U.S. Navy continued its blockade and Israeli strikes on Lebanon kept the cycle of retaliation alive.

Overall, the domestic market has maintained a negative bias over the past two months, and this week, T...