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The Hindu
Stock markets rebound in early trade as crude oil prices drop sharply
In early trade, Indian stock market indices rebounded significantly as crude oil prices experienced a sharp decline, coinciding with easing tensions in West Asia. The Sensex climbed 566 points to reach 76,608.66, while Nifty surged 153.60 points to reach 23,923.30. Analysts noted that lower crude prices indicate a positive sentiment, potentially reducing inflationary pressures and improving the current account outlook for India.
MonitorConfidence: HighShort term horizon
Published 27 Jul 2026, 06:35 UTC1 min read
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Summary
TL;DR
- Sensex jumped 566 points to 76,608.66 in early trade
- Nifty surged 153.60 points to 23,923.30
- Brent crude price dropped 4% to $92.84 per barrel
- Market sentiment improved after U.S. and Iran paused military actions
- InterGlobe Aviation and Infosys among major gainers
Interesting facts
- Brent crude prices fell from $102 to around $93 in four days
- Easing geopolitical tensions led to improved market optimism
- Foreign Institutional Investors offloaded equities worth nearly ₹3,900 crore on Friday