Back home, Indian equity markets extended their recovery for a fourth straight session, with the Nifty closing above 23,100, supported by gains in IT and metal stocks. However, volatility persisted through the session, reflecting caution ahead of key global and domestic triggers.
Attention now turns to the RBI’s policy decision, where commentary from the governor is expected to shape market expectations amid shifting macro conditions. On the corporate front, Air India CEO Campbell Wilson has stepped down, while Fortis Healthcare remained in focus on expansion plans backed by its key investor.
Meanwhile, sectoral trends remained mixed, with weak summer demand weighing on air-conditioner makers, even as policymakers tracked risks from West Asia, including fertiliser supplies and migrant flows.
US-Iran War: Trump warns death of a ‘whole civilisation’ and new regime in Tehran
US President Donald Trump has threatened to wipe out Iran’s “whole civilisation” and signalled putting a new regime in power as the deadline for his 48-hour ultimatum closes in on Tuesday (April 7) at 8 pm EST — which is 5.30 am IST on April 8.
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Iran defiant as deadline looms for Trump threat to infrastructure
A deadline loomed on Tuesday (April 7) for Iran to accept a deal or face what US President Donald Trump said would be the “complete demolition” of the country’s critical civilian infrastructure.
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Crude oil prices persist near four-year highs ahead of Trump Iran deadline
Crude oil prices recovered from the temporary blip seen on Monday to return to four-year high levels as trading began in Asia on the morning of Tuesday, April 7.
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Also read: A US-based energy company just lost nearly $1 billion on its oil short positions
Closing bell | Markets extend recovery; IT, metals lift Nifty above 23,100
Indian equity benchmarks ended higher on April 7, capping a volatile session with gains for the fourth consecutive day and closing near the day’s high. The Sensex rose 510 points to 74,617, while the Nifty advanced 155 points to settle at 23,124, reclaiming the 23,100 mark.
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Rupee near 93 against dollar amid oil spike, global jitters
The Indian rupee weakened in early trade on Tuesday, April 7, slipping 17 paise to around 93.07 against the US dollar, as persistent foreign fund outflows, a stronger dollar and elevated crude oil prices pressured the currency.
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What RBI Governor says will matter more than what he does tomorrow
The upcoming RBI Monetary Policy Committee Meeting on April 8, 2026, comes at a time when macro conditions have shifted due to global developments, particularly the ongoing West Asia conflict, which has pushed up crude prices and thrown the rupee off a cliff.
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Air India CEO Campbell Wilson resigns, to serve six month notice period
Air India chief executive Campbell Wilson has resigned and will serve a six-month notice period, CNBC-TV18 has independently confirmed the story on Tuesday, April 7.
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Exclusive| Malaysian investor backs Fortis to go for large M&A
Shares of Fortis Healthcare turned positive for the second day in a row. The latest spurt came after Prem Nair, Group CEO of IHH Healthcare, which owns 31% stake in the hospital chain, revealed plans to pump in more capital to expand bed capacity.
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AC players feel the heat as unseasonal rain pours cold water on summer demand
Shares of Blue Star have declined in five out of the last six trading sessions, during which the stock has corrected by 12%. Shares of Voltas too have dropped in five out of the last six sessions, and have corrected 11% during this period.
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India flags fertiliser hoarding, downplays migrant exodus amid West Asia tensions
India is adopting a measured and evolving approach to the fallout from escalating tensions in West Asia, with the Finance Ministry indicating that authorities are closely tracking multiple economic and social indicators—from fertiliser supplies and migrant flows to remittances and currency stability—while remaining prepared to act further if required.
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Nearly 91 lakh names deleted from Bengal electoral rolls after SIR exercise
Nearly 91 lakh voters have been deleted from the electoral rolls in West Bengal following the Special Intensive Revision exercise in the state, according to data released by the Election Commission.
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Delhi to regularise 1,500+ unauthorised colonies ‘as is where is’, over 50 lakh residents to benefit
Delhi’s unthorised colonies will be regularised on “as is where is basis”, Delhi Chief Minister Rekha Gupta announced on April 7. The government is simplifying the ownership and regularisation of these colonies, she said at a press conference held by the Ministry of Housing and Urban Affairs in New Delhi.
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We will see you on Wednesday with another version of Top 10@10.
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