Indian Markets Surge on Easing Oil
Analysis based on 7 articles · First reported May 04, 2026 · Last updated May 04, 2026
Indian benchmark indices S&P BSE Sensex and NIFTY 50 surged due to easing Brent Crude prices and positive global sentiment. This rally was led by strong performance from companies like Maruti Suzuki, which reported record sales, while other blue-chip stocks also saw gains.
Indian benchmark indices S&P BSE Sensex and NIFTY 50 surged in early trade on Monday, driven by easing Brent Crude prices and positive global cues. Maruti Suzuki led the gains, jumping 4 percent after reporting record total sales of 2,39,646 units in April, a 33.29 percent year-on-year growth. Other major gainers included Unilever — Hindustan Unilever, Larsen & Toubro, Adani Ports & Special Economic Zone, Asian Paints, and Mahindra & Mahindra. Conversely, Kotak Mahindra Bank, Tata Consultancy Services, and Titan Company were among the laggards. Geopolitical developments, such as Donald Trump's declaration regarding US assistance in the Strait of Hormuz and a proposal from Iran to the United States delivered via Pakistan, were noted as factors influencing crude oil prices. Foreign Institutional Investors (FIIs) offloaded equities, while Domestic Institutional Investors (DIIs) were buyers.
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