India's Stock Markets Soar as Crude Oil Prices Plummet
Stock markets in India surged on Monday (August 3, 2026) as crude oil prices dropped sharply amid easing geopolitical tensions. The benchmark indices Sensex and Nifty rose by 470.06 points and 150 points respectively during initial trade.
The decline in Brent crude to $83.56 per barrel was a major factor behind the market's optimism, according to Ponmudi R, CEO of Enrich Money. He noted that global risk sentiment had also been supported by the sharp correction in crude oil prices.
Foreign Institutional Investors (FIIs) bought equities worth ₹277.48 crore on Friday (July 31, 2026), adding to the market's positivity. V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said that the decline in Brent crude to below $84 was a positive trigger for the market.
However, not all stocks performed well during this period, with Sun Pharma and Maruti being among the laggards from the Sensex pack. Despite this, major winners included ITC, Bajaj Finserv, InterGlobe Aviation, Bajaj Finance, Tata Consultancy Services, and Infosys.