Indian Markets Rally Amid Crude Oil Price Decline

Indian stock markets began the trading day on a positive note as crude oil prices declined amid eased geopolitical tensions in West Asia. The BSE Sensex, which tracks the performance of the top 30 companies listed on the exchange, rose by 152.7 points to reach 76,988.48, while the Nifty 50, which is considered a benchmark for the broader market, increased by 44.95 points to 24,040.90.

The decline in crude oil prices was attributed to renewed talks with Iran, which reduced concerns about potential supply disruptions. Brent crude, the global oil benchmark, traded 1.44% lower at USD 87.09 per barrel.

Market experts also pointed out that buying in IT stocks contributed to the positive trend in the markets. Tech Mahindra, Tata Consultancy Services, Infosys, HCL Tech, Hindustan Unilever, and Eternal were among the major gainers from the Sensex pack, while Bharat Electronics, NTPC, Power Grid, and State Bank of India lagged behind.