Sensex, Nifty rebound in early trade amid easing crude oil prices
The 30-share BSE Sensex climbed 283.66 points to 74,812.74 in early trade. The 50-share NSE Nifty was up 85.55 points to 23,414.55.
On Wednesday, the Indian stock market traded in the green, with the Sensex and Nifty both recording gains as oil prices fell below $99 per barrel. The Sensex jumped over 350 points to reach 74,896, while the Nifty rose 104 points to trade above 23,433. Broader markets also outperformed benchmarks, with midcap and smallcap indices also showing positive momentum.
Among individual stocks, Bajaj Finance and Bajaj Finserv emerged as the top gainers, while Infosys and TCS saw slight declines. The broader market sentiment turned positive, with 2,332 stocks advancing against 714 declines. While crude prices falling below $99 per barrel could provide a trigger for a sharp rally, analysts believe that high crude prices and elevated bond yields are likely to continue constraining market rallies in the near term.
The focus is now on the broader market, with increased activity in mid and small cap stocks attracting investment due to attractive valuations.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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