Indian Markets Rebound on Falling Crude Prices, Easing West Asia Tensions

Indian market benchmarks Sensex and Nifty rebounded in early trade on Monday following a decline in crude oil prices amid easing tensions in West Asia.

The 30-share BSE Sensex jumped 566 points to 76,608.66, while the 50-share NSE Nifty surged 153.60 points to 23,923.30.

Rajesh Palviya, Head of Research at Axis Direct, attributed the market's improvement to the US and Iran pausing military action, easing fears of an immediate supply disruption.

Brent crude prices tanked 4% lower at USD 92.84 per barrel, offering a tailwind for India through lower inflation expectations, an improved current account outlook, and reduced pressure on the rupee.