Indian stock markets, led by Sensex and Nifty, continued their upward trajectory for the fourth straight day on Monday, driven by a sharp drop in crude oil prices and easing geopolitical tensions. The Sensex rose by 544.39 points (0.7%) to 78,639.03, and the Nifty 50 climbed 390.70 points (1.60%) to 24,774.30, with Nifty Bank also seeing a rise of 1.72%. Analysts noted that the decline in Brent crude to USD 83.88 per barrel eased inflation concerns, while Foreign Institutional Investors (FIIs) injected Rs 277.48 crore into equities on Friday, further bolstering market sentiment. Positive trading in European and US markets also contributed to the optimistic outlook for Indian equities.

Indian stock markets, led by Sensex and Nifty, continued their upward trajectory for the fourth straight day on Monday, driven by a sharp drop in crude oil prices and easing geopolitical tensions. The Sensex rose by 544.39 points (0.7%) to 78,639.03, and the Nifty 50 climbed 390.70 points (1.60%) to 24,774.30, with Nifty Bank also seeing a rise of 1.72%. Analysts noted that the decline in Brent crude to USD 83.88 per barrel eased inflation concerns, while Foreign Institutional Investors (FIIs) injected Rs 277.48 crore into equities on Friday, further bolstering market sentiment. Positive trading in European and US markets also contributed to the optimistic outlook for Indian equities.

Indian stock markets, led by Sensex and Nifty, continued their upward trajectory for the fourth straight day on Monday, driven by a sharp drop in crude oil prices and easing geopolitical tensions. The Sensex rose by 544.39 points (0.7%) to 78,639.03, and the Nifty 50 climbed 390.70 points (1.60%) to 24,774.30, with Nifty Bank also seeing a rise of 1.72%. Analysts noted that the decline in Brent crude to USD 83.88 per barrel eased inflation concerns, while Foreign Institutional Investors (FIIs) injected Rs 277.48 crore into equities on Friday, further bolstering market sentiment. Positive trading in European and US markets also contributed to the optimistic outlook for Indian equities.

Continuing the surge streak for the fourth day, the stock market benchmark indices, Sensex and Nifty, ended higher on Monday.

Sensex rose 544.39 points, around 0.7 per cent and Nifty 50 surged 390.70 points, which accounts for around 1.60 per cent. Nifty Bank too rose 98.10 points, which is nearly 1.72 per cent. Market analysts attribute the rise to the sharp decline in crude oil prices amid easing geopolitical tensions.

The 30-share BSE Sensex jumped 544.39 points, or 0.70 per cent, to settle at 78,639.03. During the day, it surged 800.46 points, or 1 per cent, to 78,895.10. The 50-share Nifty 50 climbed 390.70 points, or 1.60 per cent, to end at 24,774.30.

From the Sensex group, InterGlobe Aviation, Tata Consultancy Services, Infosys, Eternal, ITC, and Axis Bank were among the major winners. Sun Pharma, Bharti Airtel, Maruti, and Tata Steel were among the laggards.

What can be observed is the number of laggards in the respective benchmark indices, with the 30-share Sensex topping the list. Sun Pharma declined the most by 1.98 per cent. Among the 50-share Nifty laggards, Apollo Hospital declined by 1.53 per cent. This could also possibly explain the unusual surge in Nifty on Monday.

Reasons for the surge in Sensex and Nifty

  • Brent crude, the global oil benchmark, fell by 4.62 per cent to USD 83.88 per barrel. This decline sent positive notes to the Indian market, where a majority of its crude oil requirement is being imported.
  • As per the exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 277.48 crore on Friday. The inflow of foreign funds also boosted the markets.
  • A positive sentiment across global markets also influenced the market surge in India. Markets in Europe were trading in the green. US markets ended in positive territory on Friday.

"The decline in crude oil prices, driven by expectations of renewed dialogue between the US and Iran, provided relief to markets by easing concerns over inflation and corporate earnings. Market sentiment was further supported by a rebound in FII inflows and a strengthening rupee, although elevated US bond yields remain a key risk to the sustainability of foreign flows into emerging markets," Vinod Nair, Head of Research, Geojit Investments Ltd, said to PTI. 

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