1 week ago
Sensex, Nifty Recover as Brent Crude Falls Below $90
Indian stock markets lost ground earlier in the day but recovered much of those losses later.
The Sensex and Nifty came close to rising by the end of the session.
One important reason was that Brent crude oil became cheaper.
Brent fell below $90 per barrel, reaching about $89.06.
India imports most of the oil it uses, so cheaper oil can lower costs and inflation pressures.
It may also help businesses such as airlines, paint makers, tyre companies, chemical firms and logistics providers.
Positive signals from U.S. stock futures and a rise in Bitcoin also encouraged investors.
However, investors remained cautious because of geopolitical tensions and uncertain fund flows.
The Sensex and Nifty sharply reduced their intraday losses around 2:30 p.m.
Brent crude fell more than 2%, reaching about $89.06 a barrel.
Lower oil prices eased concerns about India’s import bill, inflation and rupee pressure.
Stronger U.S. equity futures and rising Bitcoin prices improved global risk appetite.
Investors continued monitoring geopolitical tensions, foreign fund flows and energy prices.
- Who
- Indian equity investors, represented by the Sensex and Nifty, along with global market participants.
- What
- The Sensex and Nifty staged a sharp recovery after Brent crude fell below $90 a barrel.
- Where
- Indian equity markets, with global cues from U.S. markets and international energy trading.
- When
- Around 2:30 p.m. and during the final trading hour.
- Why
- Lower crude prices, firmer U.S. equity futures and improved global risk appetite encouraged buying.
Key facts
- Brent crude low
- Brent fell as low as $89.06 a barrel.
- Brent performance
- The benchmark was down more than 2% during the session.
- Indian benchmarks
- The Sensex and Nifty erased a substantial portion of their intraday losses.
- Recovery timing
- The rebound gathered momentum around 2:30 p.m. and strengthened during the final trading hour.
- Global cues
- Nasdaq-100 futures and U.S. equity futures advanced.
- Bitcoin
- Bitcoin climbed to around $80,000.
- Potential economic effect
- Cheaper oil may reduce India’s import costs and ease inflation and rupee pressure.








