New Delhi, April 8 -- Shares of small-cap NBFC Aye Finance surged as much as 14% in intraday trade on the BSE on Wednesday, April 8, amid a broader market rally driven by a sharp decline in crude oil prices following the announcement of a two-week ceasefire between the US and Iran.

Aye Finance share price opened at Rs.94 against its previous close of Rs.90.07 and jumped 13.80% to an intraday high of Rs.102.50 on the BSE.

The sharp jump in the stock price could be attributed to improved market sentiment, as the benchmark Sensex rose 4% during the session after concerns over the US-Iran war eased following US President Donald Trump's announcement that Washington would suspend military actions against Iran for two weeks. Tehran also accept...