economy

Indian Markets Rebound as Oil Prices Drop on US-Iran Strike Pause

Published on: 27 Jul 2026, 04:01 AM

Indian equity markets opened higher on Monday, breaking a five-session losing streak, as a decline in global oil prices boosted investor sentiment. The benchmark BSE Sensex surged 566 points to 76,608.66, while the Nifty 50 gained 153.60 points to 23,923.30.

The rally was supported by gains in stocks such as Tata Consumer Products, NTPC, IDFC First Bank, and AU Small Finance Bank, which rose following their quarterly results. The Indian rupee also strengthened, appreciating 35 paise to 96.18 against the US dollar in early trade.

Oil prices fell sharply on Monday after the United States and Iran agreed to pause military strikes over the weekend, allowing shipping to resume through the Strait of Hormuz. Brent crude dropped 5.05% to USD 91.89 a barrel, while US West Texas Intermediate fell 5.23% to USD 84.64. Both benchmarks hit their lowest levels in nearly a week.

The easing of geopolitical tensions in the Middle East provided relief to markets, which had been under pressure due to fears of supply disruptions. Analysts noted that the pause in hostilities could lead to further stability in oil prices if sustained.

Source: Indian Express

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