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Australian shares surged over 2% to a five-week high, driven by a U.S.-Iran ceasefire that pushed oil prices below $100 a barrel. The S&P/ASX 200 index saw its biggest one-day gain in a year, with resources and financials leading the rally. This development offers relief from inflation concerns, sparking broad buying across equities.
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Shares of Tata Motors and Tata Motors Passenger Vehicles rose sharply on Wednesday after US President Donald Trump agreed to a ceasefire with Iran, tied to reopening the Strait of Hormuz. Cooling crude prices boosted sentiment on D-Street. The Strait of Hormuz is a key route that carries 20% of the world’s oil supply.
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Bitcoin and Ethereum surged following President Trump’s announcement of a two-week ceasefire and plans to reopen the Strait of Hormuz, boosting market sentiment. Ethereum rose 6.5% to $2,248, while Bitcoin gained around 4% to trade near $71,575. The global crypto market capitalization increased by 4% to $2.44 trillion.
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Om Power Transmission Limited IPO opens on April 9 with a price band of Rs 166–175. The IPO comprises a fresh issue of Rs 132.56 crore and an offer for sale of Rs 17.50 crore. The allotment is expected to be finalised on April 15, 2026, and the company is likely to make its stock market debut on both NSE and BSE on April 17.
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Despite the massive success of the ‘Dhurandhar’ film franchise, which has grossed over Rs 2,000 crore, PVR Inox shares have seen a significant decline of 14% since December. Investors are spooked by weak content consistency and rising costs, overshadowing the box office triumphs.
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