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.