Stock markets open higher amid easing oil prices
Indian benchmark indices Sensex and Nifty opened higher on Monday, extending gains from the previous session as global oil prices eased. While major firms like Bharat Electronics and Mahindra and Mahindra saw gains, foreign institutional investors continued to offload equities.
Why it matters
The movement of Indian stock indices in response to global oil price fluctuations serves as a key indicator of investor sentiment and the country's economic stability amidst volatile international markets.
Benchmark indices Sensex and Nifty climbed in early trade on Monday (October 12, 2026), extending their previous session's sharp rally, amid easing oil prices.
The 30-share BSE Sensex rallied 178 points to 72,627.86 in early trade. The 50-share NSE Nifty climbed 76.20 points to 22,591.45.
From the 30 Sensex firms, Bharat Electronics, Mahindra and Mahindra, Bajaj Finance, Trent, Tata Steel and NTPC were among the major winners.
Tech Mahindra, Bharti Airtel, ITC and Axis Bank were among the laggards.
Brent crude, the global oil benchmark, declined 1.45% to $103.1 per barrel.
In Asian markets, South Korea's Kospi traded sharply lower, while Shanghai's SSE Composite index also quoted lower. Hang Seng index traded marginally higher.
U.S. markets ended higher on Friday (October 9, 2026).
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