Indian stock market rebound on crude drop
Analysis based on 10 articles · First reported Jul 27, 2026 · Last updated Jul 27, 2026
The sharp decline in crude oil prices and easing geopolitical tensions have boosted investor sentiment, leading to a broad-based rally in Indian equities. This relief rally may be short-lived if tensions reignite, but it provides a temporary respite from recent losses.
On July 27, 2026, Indian stock markets rebounded sharply after a five-day losing streak, with the S&P BSE Sensex surging 776 points (1.02%) to 76,835.78 and the NIFTY 50 gaining 228.50 points (0.96%) to 23,995.95. The rally was driven by a 9.40% drop in Brent crude oil prices to $87.64 per barrel, amid easing geopolitical tensions in West Asia, particularly between Iran and the United States. The decline in crude oil prices alleviated concerns over import costs and inflation for India, a major oil importer. Top gainers on the Sensex included Eternal Limited (up 5.70%), IndiGo, Infosys, Bajaj Finance, Asian Paints, and Mahindra & Mahindra, while HDFC Bank, Power Grid Corporation of India, and Axis Bank were laggards. Foreign Institutional Investors (FIIs) had offloaded equities worth Rs 3,892.77 crore on the previous trading day. The positive sentiment was also supported by encouraging quarterly earnings from select companies and renewed buying in IT stocks. Asian markets including South Korea's KOSPI, Japan's Nikkei 225, China's Shanghai Stock Exchange Composite Index, and China — Hong Kong's Hang Seng Index ended higher, while European and US markets also traded mostly higher.
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