Sensex Rises by 152.7 Points on Lower Crude Oil Prices

The Bombay Stock Exchange's (BSE) Sensex benchmark index rose by 152.7 points to 76,988.48 in early trade on Tuesday, following lower crude oil prices and eased geopolitical worries in West Asia.

This positive trend was also supported by buying in IT stocks.

Tech Mahindra, Tata Consultancy Services, Infosys, HCL Tech, Hindustan Unilever, and Eternal were among the major gainers from the Sensex pack, while Bharat Electronics, NTPC, Power Grid, and State Bank of India lagged behind.

The global oil benchmark, Brent crude, traded 1.44% lower at USD 87.09 per barrel on Tuesday, with Ponmudi R, CEO of Enrich Money, attributing the decline to optimism over renewed talks with Iran easing concerns about potential supply disruptions.