Indian stocks snapped a five-day losing streak as Brent crude tumbled 9.4% and West Asia tensions eased. The Sensex rose 776 points, the Nifty surged 228. Infosys gained, HDFC lagged. Analysts said the relief rally could extend if oil stays lower.
Indian equities snapped a five-day losing streak Monday as Brent crude tumbled 9.4% and geopolitical tensions in West Asia eased. The Sensex jumped 776 points, or 1.02%, to 76,835.78. The Nifty surged 228 points to 23,995.95.
Brent crude fell to $87.64 a barrel, its biggest single-day drop in months. The decline followed a pause in strikes in the region, which had been pushing up import costs and inflation expectations.
“A pause in strikes in West Asia has eased concerns over rising import costs and inflation, triggering a relief rally in markets,” said Vinod Nair, head of research at Geojit Investments. “The sharp correction in crude oil prices, along with a decline in long-term bond yields, has also raised hopes of a durable resolution, supported by signs of long unwinding.”
Among Sensex stocks, InterGlobe Aviation rose 5.7%. Infosys, Bajaj Finance, Asian Paints and Mahindra & Mahindra also gained. HDFC Bank, Power Grid and Axis Bank were the laggards. Foreign institutional investors sold ₹3,893 crore of equities on Friday, exchange data showed.
Asian markets broadly rose, with South Korea’s KOSPI, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng all closing higher.
AlphaScala’s proprietary model assigns Infosys an Alpha Score of 57/100 (Moderate) and HDFC Bank a score of 37/100 (Mixed), reflecting differing risk profiles within the technology and financial sectors. The crude oil move also supports a broader read on commodities and energy sector positioning.
Prepared with AlphaScala editorial tooling from the source reporting linked above. Indexable analysis may include a cited Alpha Score value. Publishing checks screen each story before release. Educational coverage, not personalized advice.