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The Hindu
Stock markets rebound in early trade on softening crude oil prices
In early trade, India's benchmark indices Sensex and Nifty rebounded after a significant drop the previous day. The rebound was attributed to the softening of crude oil prices, which are essential for the Indian economy. Key stocks, including those in the technology and banking sector, led the gains. Analysts view the slight recovery as indicative of improved market conditions and investor confidence. The decline in crude oil prices, currently below USD 77 per barrel, has alleviated some macroeconomic concerns in India, suggesting a stabilizing environment for investments.
MonitorConfidence: HighShort term horizon
Published 24 Jun 2026, 05:36 UTC1 min read
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Summary
TL;DR
- Sensex rose by 187.63 points to 76,388.31.
- Nifty increased by 57.75 points to 23,878.85.
- Key winners included Tech Mahindra, ICICI Bank, and Infosys.
- Brent crude oil prices fell to $76.29 per barrel.
- Foreign Institutional Investors bought equities worth ₹17.86 crore.
Interesting facts
- The drop in Brent crude oil has eased macroeconomic pressure for India.
- Positive trends in Asian markets were reflected, with mixed results across indices.
- A significant U.S.-India trade deal is on the brink of conclusion.