Sensex Eases Up on Crude Oil Prices, But Muted Gains Continue

The Indian BSE Sensex rose about 0.2% to 74,435 on Friday, as investors took some comfort from easing crude oil prices.

Brent crude eased 0.9% to around $104 a barrel, which may have contributed to the sense of relief among market participants.

Despite this gain, the benchmark was largely muted in the previous session, and continued Middle East tensions and a rush of initial public offerings capped further gains.

The National Stock Exchange's roughly $2.3 billion initial public offering is expected to bring in foreign inflows, which could support the rupee.