Business/Technology

Sensex Soars Over 700 Points as Falling Oil Prices Lift Investor Sentiment

News Mania Desks/ Piyal Chatterjee/ 29th June 2026

Indian equity markets ended Monday’s trading session on a strong note, with benchmark indices posting significant gains amid easing geopolitical tensions in West Asia and a decline in global crude oil prices. The positive sentiment encouraged broad-based buying across key sectors, pushing both the Sensex and the Nifty to fresh highs.

The BSE Sensex rallied more than 700 points to close above the 84,000 mark, while the NSE Nifty 50 advanced over 200 points to settle above 25,600. Investors welcomed the decline in crude oil prices following signs of stability in the Iran-Israel conflict, reducing concerns over global energy supplies and inflationary pressures.

Banking and financial stocks led the rally, supported by strong buying in heavyweight lenders. Auto, information technology and metal shares also recorded healthy gains, reflecting improved confidence in the domestic economy. The broader market mirrored the upbeat mood, with mid-cap and small-cap stocks ending the session in positive territory.

Market experts said lower crude oil prices are particularly beneficial for India, which relies heavily on oil imports. Softer energy prices are expected to ease inflation, improve the country’s current account balance and lower input costs for businesses, strengthening the overall economic outlook. The strong rally reflects renewed optimism in Indian equities, with investors hoping that stable crude prices and improving global conditions will continue to support market momentum in the coming weeks.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button