Stock markets surge in early trade as crude oil prices drop sharply
Indian stock markets, including the Sensex and Nifty, surged in early trading on August 3, 2026, driven by a sharp decline in crude oil prices and positive foreign fund inflows. Investor sentiment was further bolstered by hopes of diplomatic resolutions regarding Iran and favorable monsoon progress.
Why it matters
The market rally reflects how global geopolitical stability and commodity price fluctuations directly impact emerging market investor confidence and domestic economic performance.
Stock market benchmark indices Sensex and Nifty surged in early deals on Monday (August 3, 2026) following a sharp decline in crude oil prices amid easing geopolitical tensions.
Foreign fund inflows also added to markets' optimism during the initial trade. The 30-share BSE Sensex jumped 470.06 points to 78,564.70 during initial trade. The 50-share NSE Nifty climbed 150 points to 24,532.95.
From the Sensex pack, ITC, Bajaj Finserv, InterGlobe Aviation, Bajaj Finance, Tata Consultancy Services and Infosys were among the major winners.
Brent crude, the global oil benchmark, traded 4.9% lower at $83.56 per barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹277.48 crore on Friday (July 31, 2026), according to exchange data.
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