Indian Stock Market Sees Upswing Amid Easing Brent Crude Prices

The Indian stock market is expected to maintain its upward momentum on Thursday, September 24, as benchmark indices extended their recovery in the previous session. The easing of Brent crude prices below $100 a barrel has provided some relief to investors, while expectations around a potential improvement in the geopolitical situation have supported sentiment.

Market participants will continue to track crude oil movements, foreign institutional flows, and developments in West Asia, with technical levels providing important markers for the Nifty and Bank Nifty. According to Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd., Indian equities are likely to continue their gradual upmove in the near term as positive developments around a potential resolution of the war front improve sentiment.

The Nifty closed near its high in the previous session, indicating some recovery after coming under pressure. Bajaj Broking Research noted that the index formed a bullish candle on the daily chart but remained within the previous session's trading range. This indicates consolidation rather than a decisive change in the broader trend.