Sensex Jumps 448 Points as Oil Eases and Foreign Funds Flow In
Brent crude drops 2.25 percent to $101.50, supporting a strong start for Indian equities.
Key points
- BSE Sensex rose 448.32 points to 74,743.28 in early Monday trade.
- Brent crude oil prices fell 2.25 percent to USD 101.50 per barrel.
- Foreign institutional investors bought Rs 599.54 crore of Indian equities on Friday.
The BSE Sensex climbed 448.32 points to 74,743.28 in early Monday trade. This gain followed a 2.25 percent drop in Brent crude prices.
The NSE Nifty rose 50.30 points to 23,396.70. Foreign institutional investors added Rs 599.54 crore to Indian markets on Friday.
Crude oil decline lifts sentiment
Brent crude settled at USD 101.50 per barrel after falling 2.25 percent. Lower energy costs typically improve the outlook for import-dependent economies.
Foreign buyers drive market gains
Exchange data shows FIIs purchased Rs 599.54 crore worth of equities last Friday. This inflow provided fresh capital that supported broader market indices.
Asian peers also contributed to the positive tone. South Korea’s Kospi and China’s SSE Composite both traded higher in early sessions.
Sector leaders and laggards
UltraTech Cement and InterGlobe Aviation led the Sensex rally. Conversely, Infosys and Adani Ports lagged behind the broader market advance.
Rediff MoneyWiz noted that regional strength helped cushion Indian equities. The US market ended higher on Friday, adding to the positive global mood.
