Mkts bounce back after two days of decline on positive global cues

Brent crude, the global oil benchmark, dropped 1.07% to $72.17 per barrel.

PTI mumbai

Benchmark equity indices Sensex and Nifty rebounded on Wednesday after two days of decline, supported by a positive trend in global markets and a fall in crude oil prices. The 30-share BSE Sensex climbed 443.97 points, or 0.58%, to settle at 76,922.64. During the day, it jumped 631.41 points, or 0.82%, to touch 77,110.08. The 50-share NSE Nifty rallied 140.10 points, or 0.59%, to end at 24,005.85. 

From the Sensex pack, Eternal, Asian Paints, Hindustan Unilever, Adani Ports, Mahindra & Mahindra, and State Bank of India were among the major winners. Conversely, HCL Tech, Tech Mahindra, Tata Consultancy Services, Tata Steel, and Infosys lagged.

Brent crude, the global oil benchmark, dropped 1.07% to $72.17 per barrel.

Sectorally, realty jumped 3.56%, FMCG rose 1.76%, services gained 1.35%, consumer discretionary climbed 1.20%, auto increased 1.10%, MidSmall Private Banks Quality Tilt rose 0.97%, and PSU bank gained 0.81%. Meanwhile, Focused IT tumbled 2.53%, IT fell 1.94%, metal dropped 0.87%, and telecommunication declined 0.34%. On the BSE, 2,276 stocks advanced, 1,995 declined, and 176 remained unchanged.

"Indian benchmark indices opened on a positive note and extended their gains throughout the session, supported by improving global sentiment, easing geopolitical tensions, and stable crude oil prices," said a note by Bajaj Broking Research.

Vinod Nair, Head of Research, Geojit Investments Ltd, said, "The domestic markets entered H2CY26 on an optimistic footing as multiple headwinds began to abate, with the anticipated US-India trade agreement, easing Middle East tensions, and benign oil prices emerging as key drivers of positive sentiment."