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The Hindu
Stock markets climb in early deals on lower crude oil prices
On July 28, 2026, stock markets made gains in early trade, largely induced by a drop in crude oil prices alongside positive movement in the IT sector. The BSE Sensex rose by over 152 points, reaching 76,988.48, while the NSE Nifty increased by nearly 45 points to 24,040.90. The decline in crude oil was attributed to renewed negotiations with Iran, relieving supply disruption concerns. Notable gainers included major IT firms, although some stocks lagged behind.
MonitorConfidence: HighShort term horizon
Published 28 Jul 2026, 06:35 UTC1 min read
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Summary
TL;DR
- BSE Sensex climbed 152.7 points to 76,988.48.
- NSE Nifty rose 44.95 points to 24,040.90.
- Tech firms like Tech Mahindra and TCS were significant gainers.
- Brent crude oil prices fell 1.44% to $87.09 per barrel.
- Foreign institutional investors sold equities worth ₹1,688.23 crore on July 27.
Interesting facts
- Crude oil prices impacted broader market sentiment significantly.
- The positive IT stock performance is seen as a strong indicator of market recovery.
- Asian markets showed mixed results, with South Korea's KOSPI dropping significantly.