On April 7, 2026, the GIFT Nifty indicated a decline for the benchmark Nifty50 index, falling 172 points or 0.75% to 22,885. This drop is attributed to high oil prices, with Brent crude rising 0.5% to $110.32 per barrel due to escalating tensions in the Middle East. US President Donald Trump dismissed ceasefire proposals with Iran, warning of potential military action if the Strait of Hormuz is not fully opened. Meanwhile, Asian markets displayed mixed trends; the Nikkei 225 and Hang Seng indices fell by 0.15% and 0.7%, respectively, while the Kospi gained 0.33%. On Wall Street, the Dow Jones Industrial Average rose 0.36%, with the S&P 500 and Nasdaq Composite increasing by 0.44% and 0.54%, respectively. In IPO news, the Emiact Technologies offering was subscribed 0.96 times as it approaches its final day on April 8.