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Indian Stocks Soar as Crude Prices Plummet Amid Eased Geopolitical Tensions

Guavy AI Editorial Team Published August 3, 2026

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Oil

The Indian stock market saw significant gains in early trade on Monday as crude oil prices plummeted amid easing geopolitical tensions.

The Sensex surged 470.06 points to reach 78,564.70, while the Nifty climbed 150 points to 24,532.95.

Major winners from the Sensex pack included ITC, Bajaj Finserv, InterGlobe Aviation, Bajaj Finance, Tata Consultancy Services, and Infosys.

Brent crude oil prices dropped 4.97% to $83.56 per barrel, further boosting investor sentiment.

Foreign Institutional Investors (FIIs) purchased equities worth Rs 277.48 crore on Friday, indicating a positive trend in market participation.

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