Indian Equity Markets End Five-Day Slump on Oil Price Drop

Indian equity markets broke a five-session losing streak on July 27, 2026, as a pause in military strikes between the United States and Iran triggered a sharp decline in global crude oil prices. The BSE Sensex rose 776.01 points, or 1.02 percent, to close at 76,835.78, while the NSE Nifty 50 climbed 0.96 percent to 23,995.95. The rally increased investor wealth by approximately Rs 5.1 lakh crore.

The market rebound stemmed from reduced fears of a prolonged geopolitical conflict, with Brent crude falling over 8 percent. This easing of tensions lowered inflationary pressures on India's import-dependent economy and raised hopes for the resumption of shipping in the Strait of Hormuz. Broad-based buying occurred across most sectors, with Nifty IT, Media, and Realty emerging as top performers, led by companies such as Eternal, Infosys, and Bajaj Finance.

Other contributing factors included a stronger Indian rupee, positive first-quarter corporate results, and a narrowing domestic rainfall deficit. While most sectors gained, the Nifty Oil & Gas index underperformed relative to the broader market advance.