Sensex, Nifty rise on crude slump, Iran ceasefire hopes; ICICI Bank leads early gains
ICICI Bank stock climbs 1.29% to ₹1,441.10
Markets opened higher on Wednesday, August 26, 2026, as crude oil prices declined and tensions eased around the Strait of Hormuz. The Nifty 50 opened at 24,341.95, while the Sensex opened at 77,892.10. Brent crude eased to $85-86 per barrel, after Iran and Oman resumed talks on keeping the Strait open. ICICI Bank led early gains, rising 1.29% to ₹1,441.10.
Other gainers included SBI Life Insurance, Asian Paints, HDFC Life Insurance, and UltraTech Cement. The recovery was attributed to lower crude prices and reduced geopolitical risk.
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