Market Report- The Gap-Up Rally. RBI policy eyed

The Indian equity markets opened with a significant "gap-up" as investors reacted to the de-escalation of the US-Iran conflict. At 9.23 am, Sensex surged by 3.54% or 2,600 points to 77,1780. The Nifty jumped 3.31% or 759 points to 23,872.

Brent Crude: Plunged by over $14, dropping from its war-peak to around $94.70 per barrel.

India’s Monetary Policy Committee meeting, scheduled to be announced later today.

Rupee Check-

Rupee opened at 92.64/$ Vs. April 07 close of 93/$.

Global News-

Asia-Pacific markets rose after Donald Trump said he had agreed to suspend planned attacks on Iran infrastructure for two weeks.

European stocks finish lower as Iran war deadline unsettles markets.