Markets rebound on softening crude oil prices; Sensex jumps 790 points Benchmark equity indices in India, including the BSE Sensex and NSE Nifty, surged sharply on Wednesday, June 24, 2026, driven by declining crude oil prices, easing geopolitical tensions in the Middle East, and growing optimism around an impending India-U.S. trade deal. The 30-share Sensex closed at 76,991.22, rising 790.54 points or 1.04%, while the 50-share Nifty gained 197.55 points or 0.83%, ending at 24,021.65. The rebound followed a steep decline the previous day, with the Sensex dropping 893.39 points or 1.16% on June 23. The rally was fueled by a sharp drop in Brent crude prices, which fell 1.69% to $75.78 per barrel, amid relief over improved traffic through the Strait of Hormuz. Analysts attributed the market recovery to a combination of factors, including positive Asian market cues, foreign institutional investors’ net buying, and a rebound in banking and IT sectors. Vinod Nair of Geojit Investments noted that the rebound was supported by “positive Asian cues and a sharp drop in crude prices,” alongside expectations of an India-U.S. trade agreement. Key performers in the Sensex included InterGlobe Aviation, Trent, Tech Mahindra, Bajaj Finance, ICICI Bank, Infosys, HDFC Bank, and Tata Consultancy Services, which saw significant gains. Conversely, NTPC, Tata Steel, Maruti, and Bharat Electronics lagged, reflecting mixed sectoral performance. The BSE SmallCap Select index rose 0.44%, and the MidCap Select index gained 0.32%, indicating broader market participation. Sectoral gains were notable in private banks, real estate, and services, with the BSE Private Banks index climbing 2.21%, Realty up 2.17%, and Services rising 2.14%. IT stocks also surged 1.81%, while bank stocks gained 1.78%.#brent_crude #strait_of_hormuz #bse_sensex #nse_nifty #india_us_trade_deal
