Crude Oil Price Dip Fuels Market Gains; Sensex Climbs 1,205 Points

Indian equity markets continued their upward momentum on Wednesday, marking a second consecutive day of gains. The rally was largely driven by easing crude oil prices and improving global market sentiment, which boosted investor confidence.

The BSE Sensex surged by 1,205 points, or 1.63 percent, to close at 75,273.45. During the trading session, the index even climbed as much as 1,781.31 points, touching an intraday high of 75,849.76.

Similarly, the NSE Nifty 50 recorded a strong performance, rising by 394.05 points, or 1.72 percent, to settle at 23,306.45. Broad-based buying across sectors contributed to the overall market strength.

The positive momentum was supported by a decline in global crude oil prices amid hopes of reduced geopolitical tensions in West Asia. Lower oil prices are seen as beneficial for the Indian economy, as they help ease inflationary pressures.

Among the top gainers in the Sensex pack were UltraTech Cement, Bajaj Finance, Larsen & Toubro, Titan Company, InterGlobe Aviation, and Trent Limited, all of which posted notable gains.

On the other hand, some stocks faced selling pressure. Key laggards included Tech Mahindra, Power Grid Corporation of India, Tata Consultancy Services, and Bharat Electronics Limited.

Global oil benchmark Brent Crude dropped by 5.07 percent to $99.19 per barrel, falling below the key $100 mark. This decline was welcomed by investors and played a crucial role in lifting market sentiment.

Vinod Nair, Head of Research at Geojit Investments Limited, stated that improving global risk appetite and growing expectations of peace contributed to the rally. Despite mixed signals from the United States and Iran, the possibility of diplomatic progress helped stabilize markets.

Other Asian markets also ended higher, including indices such as KOSPI, Nikkei 225, Shanghai Composite, and Hang Seng Index. European markets were also trading in positive territory during the afternoon session.

According to exchange data, foreign institutional investors (FIIs) remained net sellers, offloading shares worth ₹8,009.56 crore on Tuesday. In contrast, domestic institutional investors (DIIs) provided support by purchasing equities worth ₹5,867.15 crore, helping sustain the market’s upward trend.