Indian Markets Rise as Oil Prices Ease
Indian equity markets opened higher on Monday, buoyed by a pullback in global crude oil prices after comments from Donald Trump about efforts to assist ships stranded in the Strait of Hormuz. The Nifty 50 gained 0.79% to 24,196.05, while the BSE Sensex advanced 0.80% to 77,521.93 in early trade. Investor attention also remains on corporate earnings and ongoing state election developments.
All major sectors traded in positive territory, with auto stocks leading the rally. The Nifty Auto index climbed 1.7%, supported by strong monthly sales figures. Shares of Hero MotoCorp rose around 2%, while Maruti Suzuki surged about 4%. Broader markets also showed strength, with mid-cap and small-cap indices each gaining roughly 1%.
The rebound follows a decline last week when both benchmark indices fell करीब 0.7% amid rising geopolitical tensions and a spike in oil prices linked to the Iran conflict. Brent crude, which had surged to a four-year high of $126.41 per barrel, has since cooled to around $109, easing pressure on markets and supporting investor sentiment.
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