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Sensex Today | Stock Market LIVE Updates, Wednesday: The GIF Nifty signalled that the Nifty50 may open over 600 points higher as oil prices corrected sharply after US and Iran agreed to a ceasefire

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President Donald Trump over the course of a day went from threatening Iran with "annihilation" to proclaiming that the battered Islamic Republic's leadership had presented a "workable" plan that led him to agree to a 14-day ceasefire that he expects to pave the way to end the nearly six-week-old war.
The dramatic shift in tenor came as intermediaries, led by Pakistan, worked feverishly to head off a further escalation of the conflict. Even China - Iran's biggest trading partner and the United States' most significant economic competitor - quietly pulled strings to find a pathway toward a ceasefire, according to two officials briefed on the matter who were not authorized to comment publicly and spoke on the condition of anonymity.
"The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East," Trump declared in a social media post announcing

Press Trust of India

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Hussein made the remarks during a meeting with Iran's ambassador to Iraq Mohammad Kazem Al-Sadeq

Fuad Hussein, Abbas Araghchi

Reuters

Sale of small 5-kg LPG cylinders - available across-the-counter at LPG distributorships on showing valid ID proofs - has been stepped up, with about 6.6 lakh bottles sold since March 23 as the government ramps up supplies to meet demand.
Unlike the subsidised domestic 14.2-kg cylinders, the 5 kg bottles, called FTL cylinders, are priced at market rates and do not require any address proof for procurement from a nearby LPG distributorship.
"Yesterday (April 4), more than 90,000, 5Kg FTL cylinders were sold. Since March 23, 2026, about 6.6 lakh, 5 Kg FTL cylinders have been sold," the oil ministry said in a statement.
The ministry said there are no reports of shortages at LPG distributor points, with more than 51 lakh domestic cylinders delivered during the day and online bookings accounting for 95 per cent of total demand.
Authorities have intensified action against hoarding and black marketing, seizing over 50,000 cylinders since March and issuing more than 1,400 show-cause notices

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This came in response to US President's threats of military action against Iran if Tehran fails to reach an agreement with Washington to end the conflict and open the strategic Strait of Hormuz

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In third part of series on West Asia impact, wholesalers warn of thin stocks as hoarding fears drive early fertiliser buying

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A global supply squeeze is nudging India faster towards renewables, even as China stays far ahead

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Trump announces two-week ceasefire if Iran opens Strait of Hormuz

Market Close: Sensex up 2,946 pts, Nifty ends at 23,997 on West Asia ceasefire, RBI policy outcome

How Trump went from threatening Iran's annihilation to two-week ceasefire

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