Stock markets climb in early deals on lower crude oil prices
Indian stock markets Sensex and Nifty saw gains in early trading on July 28, 2026, driven by a decline in global crude oil prices. While IT stocks performed well, other sectors like power and banking experienced losses amid broader volatility in Asian markets.
Why it matters
Fluctuations in crude oil prices and foreign institutional investment patterns significantly impact the stability and growth of emerging market economies like India.
Market benchmark indices Sensex and Nifty climbed in early trade on Tuesday (July 28, 2026) on lower crude oil prices amid easing geopolitical worries in West Asia.
Buying in IT stocks also supported the positive trend in the markets.
The 30-share BSE Sensex climbed 152.7 points to 76,988.48 in early trade. The 50-share NSE Nifty went up by 44.95 points to 24,040.90.
From the Sensex pack, Tech Mahindra, Tata Consultancy Services, Infosys, HCL Tech, Hindustan Unilever and Eternal were among the major gainers.
Bharat Electronics, NTPC, Power Grid and State Bank of India were among the laggards.
Brent crude, the global oil benchmark, traded 1.44% lower at $87.09 per barrel.
"Crude oil prices extended their decline as optimism over renewed talks with Iran eased concerns about potential supply disruptions," Ponmudi R., CEO of Enrich Money, an online trading and wealth-tech firm, said.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in