Sensex Rockets 776 Points as Crude Oil Prices Plunge

The Indian stock markets experienced a significant rebound on Monday, as global crude oil prices plummeted and geopolitical tensions in West Asia eased. The BSE Sensex surged 776.01 points (1.02%) to 76,835.78, snapping a five-day losing streak.

The NSE Nifty also gained 228.50 points (0.96%) to close at 23,995.95, ending its own five-day decline.

A sharp 9.40 per cent decline in Brent crude oil prices to $87.64 per barrel was a primary catalyst for the market rebound.

Easing tensions in West Asia contributed to the positive market sentiment, reducing concerns over import costs and inflation.