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Informist, Wednesday, Apr. 8, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: L&T up 8% to 1-mo high after US, Iran agree to 2-wk ceasefire

 

MUMBAI--1015 IST--Shares of Larsen & Toubro rose 8% Wednesday to an over-one-month high of INR 4,023.40 after reports said US President Donald Trump had agreed to suspend attacks on Iran for two weeks on the condition that Tehran reopens the Strait of Hormuz. The region contributes significantly to Larsen & Toubro's order book and revenue. 

 

The stock has gained over 13% so far in April, and nearly 1% in the past 30 days. In the past 90 days, the stock shed over 1%. Also, the Competition Commission of India Tuesday approved Torrent Power's proposal to acquire L&T's step-down subsidiary Nabha Power.

 

At 1008 IST, shares of Larsen & Toubro were trading nearly 7% higher at INR 3,969.60 on NSE. So far in the day, nearly 4 million shares of the company have changed hands on the exchange, higher than nearly 564,000 shares traded till the same time Tuesday.

 

All 13 brokerage reports available with Informist on the company have a 'buy' recommendation on the stock with an average target price of INR 4,604.  (Arundathi A R)

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Equity Alert: Aviation stocks jump after US, Iran agree to ceasefire  

 

MUMBAI--1000 IST--Shares of aviation companies rose sharply after the US and Iran agreed to a two-week ceasefire to negotiate a definitive agreement for peace between the warring parties and in West Asia. Shares of InterGlobe Avaiation rose as much as 11% to an over one-month high of INR 4,744, while those of Spicejet hit the 5% upper circuit at INR 11.14. 

 

In a post on Truth Social early Wednesday, US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. The US has received a 10-point proposal from Iran that is a workable basis for negotiations. "Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalised and consummated," Trump said. The ceasefire announcement came hours ahead of Trump's deadline of 0530 IST for Iran to reopen the Strait of Hormuz. 

 

Shares of aviation companies have been under pressure since the conflict between Iran and the US-Israel combine broke out in late February. These companies have been reeling under concerns about higher fuel costs and flight cancellations due to conflict-led disruptions. Reacting to the ceasefire news, the June futures contract of Brent crude plunged 16% to a low of $91.70 per barrel. Airline companies are among the biggest beneficiaries of falling crude prices, given that aviation turbine fuel is a key cost component for airlines. (Arya S. Biju)

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Equity Alert: Mkt opens sharply higher on US-Iran ceasefire; crude prices dn

 

MUMBAI--0940 IST--Domestic headline stock indices opened sharply higher Wednesday after US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks on the condition that Iran reopens the Strait of Hormuz. Crude oil prices reacted to the ceasefire news, falling to the $94 per barrel mark. All major Asian indices were also higher in early trade Wednesday, taking positive global cues.

 

"We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate," Trump said on his social media platform Truth Social early Wednesday. "Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and consummated." This came hours ahead of Trump's deadline of 0530 IST for Iran to reopen the Strait of Hormuz. On Tuesday, Trump threatened, "a whole civilization will die tonight, never to be brought back again."

 

Futures contracts of Brent Crude were down over 13% at $94.65 per barrel at 0914 IST. Crude oil prices were hovering around $100 per barrel level for the previous few sessions amid the escalating West Asia war.

 

At 0917 IST, the Nifty 50 was over 3% higher at 23885.20, up over 760 points. The BSE Sensex was also over 3% higher at 77204.96, up 2588.38 points. The benchmark indices extended gains for the fifth straight session. Barring Oil and Natural Gas Corp., Coal India, and Tech Mahindra, other constituents of the 50-stock were higher at the open.

 

India VIX, the fear gauge of the domestic equity market, signalled the steep fall in nervousness among investors after the ceasefire news. The volatility index was down around 20% at 19.7950.

 

"The upside risk to inflation and the downside risk to growth can now be managed well," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. "Rupee will strengthen and this may even force the FPIs to turn buyers; at least they will have to cease the sustained selling, which will become irrational in the present context."

 

The broader market was also on par with its benchmark peers, with all smallcap as well as midcap indices more than 3% higher. Some sectoral indices outperformed the headline indices during open, by opening over 5–4% higher. The Nifty Realty led the pack of gainers, up nearly 6%. The Nifty Auto, the Nifty Financial Services, the Nifty PSU Bank, the Nifty Bank, the Nifty Private Bank and the Nifty Consumer Durables managed to stay above 4% higher at the open.

Airline stocks gained during the open, with InterGlobe Aviation up 10%. It was the top gainer among Nifty 50 constituents. It was followed by Larsen & Toubro, up over 7%. Oil marketing stocks Bharat Petroleum Corp., Hindustan Petroleum Corp., and Indian Oil Corp. rose 7–5%.

 

However, oil exploration saw showed a poor performance at the open, being the top losing Nifty 50 constituents. Oil India and Oil and Natural Gas Corp. were down over 2%.  (Arundathi A R)

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Equity Alert: Asian mkts rally as oil prices fall on ceasefire announcement

 

MUMBAI--0823 IST--Asian equity indices rallied in early trade Wednesday as crude oil prices slipped below the $100 per barrel mark after US President Donald Trump agreed to hold off attacks on Iranian infrastructure for two weeks. South Korea's Kospi led the gains followed by Japan's Nikkei 225 and Topix. The ceasefire was subject to "the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz," Trump said in a post on Truth Social. In a separate statement, Iranian Foreign Minister Abbas Araghchi said vessels could safely pass through the strait subject to coordination with Iran's armed forces for the next two weeks. Negotiations for the ceasefire will be mediated by Pakistan and start on Friday. 

 

Crude oil prices fell sharply, around 13%, in a welcome relief for Asian markets, which are particularly vulnerable to the disruption in the supply of crude oil from West Asia. At 0824 IST, Brent Crude June futures were at $95.23 per barrel. "Energy prices were destined to be fairly inflationary around the world. And if there's now a bit of a belief or some visibility that energy prices can come back down, that's better for inflation, better for the outlook of central bank cuts and so on," Josh Rubin, portfolio manager at Thornburg Investments, told CNBC.

 

Wednesday, US futures rose 2% following the ceasefire announcement. The Kospi rose 6%, buoyed by index heavyweights Samsung Electronics and SK Hynix, which were up 7% and 10%, respectively. Japan's Nikkei 225 climbed 5%, led by gains in the shares of chipmakers and metal companies, the DowJones Newswires reported.

 

Following were the levels of major Asian indices at 0821 IST:

 

Index	Level	Change in %
CSI 300 Index	4555.92	2.6
Nikkei 225 Day	56078.83	4.96
TOPIX FIRST SECTION	3765.95	3.06
KOSPI	5821.07	5.94
FTSE Singapore Strait Times	4985.16	0.55
S&P/ASX 200 INDEX	8947.40	2.5

 

(Shruti Nair)

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Equity Alert: Indices may open sharply up; crude down on US-Iran ceasefire 

 

MUMBAI--0807 IST--Domestic headline stock indices are expected to open sharply higher after US President Donald Trump said he had agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. Major equity indices across the Asia-Pacific region, as well as US stock futures, rallied on hopes that an end to the conflict is in sight. The June futures contract of Brent crude plunged 16% to a low of $91.70 per barrel reacting to the ceasefire news. 

 

In a Truth Social post early Wednesday, Trump said the two-week ceasefire was subject to Iran agreeing to a complete, immediate and safe opening of the Strait of Hormuz. The US has received a 10-point proposal from Iran that is a workable basis for negotiations. "Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two-week period will allow the Agreement to be finalised and consummated," Trump said. The ceasefire announcement came hours ahead of Trump's deadline of 0530 IST for Iran to reopen the Strait of Hormuz. 

 

Iranian Foreign Minister Seyed Abbas Araghchi said on social media that Tehran would agree to a ceasefire "if attacks against Iran are halted." Iran will allow safe passage through the critical waterway during the ceasefire in "coordination with Iran's Armed Forces and with due consideration to technical limitations." The ceasefire plan also includes allowing both Iran and Oman to charge fees on ships transiting through the Strait of Hormuz, the Associated Press reported, citing a regional official.

 

Back in the domestic market, investors will also keep an eye on the policy decision of the Reserve Bank of India's Monetary Policy Committee later in the day. With the central bank widely expected to hold the repo rate at 5.25%, the focus will be on its commentary, growth and inflation projections, and regulatory measures. The rate-setting panel is meeting for the first time since the US-Israel combine attacked Iran, triggering a crisis in West Asia.

The GIFT Nifty is indicating a big gap-up opening for the domestic market following a two-week ceasefire announcement by the US and Iran, Vipin Kumaar, senior technical and derivatives analyst at Globe Capital Market, said. At 0756 IST, the April futures contract of the GIFT Nifty was at 23811.50, a premium of around 690 points to the Nifty 50's previous close. On Tuesday, the Nifty 50 settled at 23123.65, up 155.40 points or 0.7%. (Arya S. Biju)

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Equity Alert: US futures gain 2?ter Trump agrees to ceasefire

 

MUMBAI--0744 IST--Futures tied to major US indices climbed more than 2?ch after US President Donald Trump Tuesday said he had agreed to halt attacks planned on Iranian infrastructure on urging by Pakistani authorities acting as mediators between the US and Iran. Trump agreed to a two-week ceasefire less than two hours before his earlier deadline to Iran set on Sunday to open the Strait of Hormuz, a key global shipping route, or face attacks on civilian infrastructure. Following the ceasefire announcement, crude oil prices fell around 13% and futures related to the Dow Jones Industrial Average, S&P, and the Nasdaq gained 2?ch after the indices ended mixed on Tuesday, recovering from their steep losses earlier in the session. At 0723 IST, the June futures of Brent crude were at $94.70 per barrel.

 

In a post on Truth Social, Trump said that the suspension of attacks was "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz." In a separate statement, Iranian Foreign Minister Abbas Araghchi said that ships would be able to safely pass through the Strait pf Hormuz during the two-week period subject to "coordination with Iran's Armed Forces and with due consideration of technical limitations." These statements came as welcome relief against the panic induced by Trump's earlier threat that, "A whole civilization will die tonight, never to be brought back again."

 

While oil prices have relented on the news of the ceasefire, they still remain around 35?ove pre-war levels. Austan Dean Goolsbee of the Federal Reserve Bank of Chicago said he was worried that the war would push inflation higher and dampen the economy, causing a stagflationary shock and putting the central bank in a bind, CNBC reported. The Labor Department's consumer price index data, set to be released later this week, will provide insight into the extent to which the US-Iran war has impacted inflation.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6616.85	0.1
NASDAQ Composite	22017.85	0.1
Dow Jones Industrial Average	46584.46	(-)0.2

 

(Shruti Nair)

 

US$1 = INR 92.68

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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