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Sensex Today, Nifty 50 | Stock Market LIVE: The Indian stock markets traded lower on Thursday, April 9, following weak global market cues, as the initial euphoria over a two-week fragile US-Iran ceasefire faded amid reports of a breach of the ceasefire agreement.

In intra-day deals, Sensex lost 938.5 points or 1.2% to its intra-day low of 76,624.35, while Nifty 50 shed 238 points or 1% to its day's low of 23,759.45.

Although U.S. President Donald Trump announced a ceasefire earlier this week, the situation in the Middle East has remained highly fragile. Israel carried out its heaviest strikes yet on Lebanon on Wednesday, killing hundreds and prompting a fresh threat of retaliation from Iran, thereby dimming hopes of a sustained de-escalation and keeping global markets nervous.

Further adding to the uncertainty, Iran’s lead negotiator and parliament speaker, Mohammed Bager Qalibaf, indicated that proceeding with talks aimed at a permanent peace deal with the United States may now be “unreasonable.” In contrast, the White House maintained that direct talks with Iran would still go ahead.

Meanwhile, Tehran accused Israel of breaching the ceasefire, continued its attacks on Gulf states, and the Strait of Hormuz remained largely blocked, despite earlier assurances of safe passage. That has remained a major concern for financial markets, as the waterway is a crucial artery for global oil shipments. Any disruption there can quickly revive inflation worries — a fear that resurfaced as crude oil prices rebounded after suffering their steepest one-day fall since April 2020.

Asian Markets Today

Global stocks came under pressure on Thursday, while oil prices moved higher, as the initial optimism around the U.S.-Iran ceasefire began to fade after Tehran said multiple terms of the agreement had already been violated, reviving concerns over geopolitical stability.

Investors remained cautious as sporadic fighting continued in the Middle East, including Iranian strikes on Gulf states, and the Strait of Hormuz remained largely blocked. The White House announced the US would hold direct talks with Iran and Vice President JD Vance would lead the US delegation to Islamabad.

MSCI’s Asia Pacific equity index fell 1%, reversing part of the previous session’s sharp rally, after Iranian Parliament Speaker Mohammad-Bagher Ghalibaf said that three clauses of the ceasefire proposal had been breached so far. The pullback came just a day after markets across the world had surged on hopes that the truce would help restore crude flows and improve the global growth outlook.

Market sentiment weakened across regions. In Asia, Japan’s Topix fell 0.7%, Nikkei 225 futures on the Osaka Exchange dropped 0.7%, Hong Kong’s Hang Seng lost 0.8%, and China’s Shanghai Composite slipped 0.7%. Australia’s S&P/ASX 200 was largely flat. S&P 500 futures slipped 0.2%, while Euro Stoxx 50 futures declined 0.3%.

Adding to the pressure was a rebound in crude oil prices. Brent crude rose 3% to $97.64 per barrel, recovering after suffering its sharpest decline in more than six years in the previous session. The move higher in oil weighed on risk appetite, with Wall Street and European stock futures also down around 0.3% as investors reassessed whether the ceasefire would hold.

Stay tuned to this segment for live updates on the Indian stock market today.

Indian markets extended losses as early optimism around the fragile Gulf ceasefire began to fade, pushing oil prices higher once again and reminding investors that the inflationary impact of the conflict may not disappear anytime soon.

In intra-day deals, Sensex lost 938.5 points or 1.2% to its intra-day low of 76,624.35, while Nifty 50 shed 238 points or 1% to its day's low of 23,759.45.

U.S. President Donald Trump said on social media that American forces would remain in the Gulf until an agreement was reached and honoured, warning that military action could resume if the terms were not followed.

At the same time, Israel launched its heaviest strikes on Lebanon since the conflict with Iran-backed Hezbollah escalated last month, with reports indicating that more than 250 people were killed on Wednesday.

Following the weak global sentiments around the precious metals, the MCX gold rate today opened with a downside gap at ₹1,50,647 per 10 gm. However, the precious yellow metal witnessed value buying at lower levels, pared its early morning losses, and rose above ₹1,51,000 within a few minutes of the Opening Bell. However, the gold price in India is still down by around 0.50%.

The Indian rupee started at 92.66 against the US dollar on Thursday, April 9, as worries grew that the ceasefire in Iran might not completely restore oil shipments through the critical Strait of Hormuz, pushing oil prices up and putting pressure on riskier assets. Brent crude futures for July increased by over 2% to $96.76, following a sharp drop of 13.2% in the prior session due to optimism that a ceasefire between the US and Iran would enable oil transport to resume through the Strait of Hormuz.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said:

"The 2-week ceasefire between US and Iran and the consequent sharp decline in crude prices provided the trigger for a sharp 873 point rally in Nifty yesterday. The short-covering and accumulation in attractively valued financials facilitated the sharp surge in the market. Even though RBI’s monetary policy on expected lines with no change in rates and stance was not market boosting, the Governor’s comment that “growth impulses remain strong supported by robust private consumption and sustained investment demand” augurs well for the market.

With 6.9% GDP growth and 4.6% inflation projected for FY 27 by the RBI, the nominal GDP growth for FY27 can be around 11.5% which can deliver around 12% earnings growth in FY 27. With fair valuations in the market now, if the West Asian ceasefire holds, the market will remain resilient.

But there are some concerns surrounding Israeli attack on Lebanon and its fallout on the ceasefire. If crude again spikes in response to this development, the uptrend witnessed yesterday will be at risk of losing stream. The big takeaway from the rally in the market yesterday is that fairly valued stocks depressed by FPI selling and shorting will bounce back at anytime. Patience is the key."

Broader markets outperformed, with the Nifty Midcap 100 index up 0.7% and the Nifty Smallcap 100 index up 0.37%.

The Indian stock market opened lower on Thursday, April 9, following weak global market cues, as the initial euphoria over a two-week fragile US-Iran ceasefire faded amid reports of a breach of the ceasefire agreement. Sensex opened 589 points or 0.76% lower at 76,973 while Nifty fell 147 points or 0.7% to open at 23,822.

Nifty 50 index formed a bullish Marubozu-like candlestick pattern on the daily timeframe, indicating strong buying conviction throughout the session, with minimal selling pressure.

“The formation of the huge unfilled opening upside gap of Wednesday indicates a formation of Bullish Breakaway Gap, which reflects a formation of important bottom reversal for the market at the recent swing low of 22,182 levels-2nd April,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the overall chart pattern is positive and if this gap remains unfilled for the next 3-4 sessions, then that could suggest broad based rally for the markets ahead.

“The next upside levels to be watched are around 24,500. Immediate support is placed at 23,800 levels,” said Shetti.

In the derivatives segment, notable call writing was observed at the 24,000 and 24,200 strikes, indicating immediate resistance zones. On the put side, strong writing activity at the 24,000 and 23,800 strikes highlights a firm base for the index in the near term.

Sensex has shown a strong breakout with sharp upward momentum, indicating a clear shift in near-term trend in favour of bulls.

“Key technical levels suggest that support for Sensex is placed in the 76,800 – 77,000 zone, which is likely to act as a demand area on declines, while resistance is seen around 78,000 – 78,300, where upside may face initial supply pressure,” said Hitesh Tailor, Technical Research Analyst at Choice Equity Broking.

The near-term outlook remains positive, supported by strong momentum; however, after such a sharp rally, some consolidation or volatility may emerge, especially considering ongoing geopolitical developments, he added.

Gold prices were steady, as investors stayed on the sidelines awaiting clearer signals on the US–Iran ceasefire talks. Spot gold price was little changed at $4,715.42 per ounce, while US gold futures for June delivery fell 0.8% to $4,739.20. Spot silver price fell 0.4% to $73.83 per ounce.

The dollar steadied after sinking to a one-month low. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.03% to 99.09. Euro fell 0.07% to $1.1654, while Sterling eased 0.04% to $1.3387. The Japanese yen weakened 0.06% to 158.7 per dollar.

The White House announced the US would hold direct talks with Iran and Vice President JD Vance would lead the US delegation to Islamabad. The first round of talks will take place Saturday morning local time.

However, sporadic fighting continued in the Middle East, including Iranian strikes on Gulf states, and the Strait of Hormuz remained largely blocked. Israel launched its heaviest strikes yet on Lebanon, prompting threats of retaliation from Iran.

Asian markets traded lower on Thursday, amid doubts over the two-week US-Iran ceasefire deal. Japan’s Nikkei 225 fell 0.59%, while the Topix dropped 0.42%. South Korea’s Kospi declined 0.90% and the Kosdaq fell 0.74%.

The trends on Gift Nifty also signal a weak start for the benchmark indices, Nifty 50 and Sensex today. Gift Nifty was trading around 24,010 level, a discount of nearly 48 points from the Nifty futures’ previous close.

The Indian stock market is expected to open lower on Thursday, following mixed global market cues, as the initial euphoria over a two-week fragile US-Iran ceasefire faded amid reports of breaching the terms of the ceasefire agreement. Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.

Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.

Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.

An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.

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