Photo by Kumar Appaiah, Wikimedia Commons, CC BY-SA 3.0
Sensex, Nifty close at five-month high as crude oil falls
Sensex closed 544 points higher at 78,639 and Nifty rose 391 points to 24,774 on Monday, marking a five-month high.
The Sensex closed 544 points, or 0.7 per cent, higher at 78,639 on Monday, while the Nifty jumped 391 points, or 1.6 per cent, to end at 24,774.
Both benchmark indices rose for a fourth straight session, ending at their highest levels in five months.
The gains came on the back of a steep fall in crude oil prices, renewed foreign institutional investor inflows, and strength in the rupee, as West Asia tensions eased.
Information technology stocks led the rally, with the sector index climbing more than 3 per cent.
The Nifty Midcap 100 index gained 1.21 per cent and the Nifty Smallcap 100 index rose 1.29 per cent in broader market trade.
Investors are now watching the Reserve Bank of India’s upcoming monetary policy meeting for further direction.
The rupee’s strength against the US dollar was cited alongside falling crude prices as a factor supporting investor sentiment, given India’s heavy reliance on imported oil.
Trading volumes on both the BSE and NSE were reported to be above recent averages during Monday’s session, reflecting the heightened investor activity that accompanied the rally.
The rally was broad-based, with the Nifty Midcap 100 index up 1.21 per cent and the Nifty Smallcap 100 index gaining 1.29 per cent over the session.
Information technology stocks led the gains, with the sector index rising more than 3 per cent as easing crude prices and a steadier rupee lifted sentiment across export-facing companies.
Investors remained focused on the upcoming Reserve Bank of India monetary policy meeting, which could influence the near-term direction of both equity and bond markets.
Renewed foreign institutional investor inflows and easing geopolitical tensions in West Asia were cited as key drivers behind the day’s gains, alongside a steep fall in crude oil prices.
Monday’s close marked the fourth consecutive session of gains for both benchmark indices, a winning streak that has helped lift Indian equities to their strongest levels since roughly March 2026.
Photo by Kumar Appaiah, Wikimedia Commons, CC BY-SA 3.0