Stock markets take winning run to 4th day as crude oil prices drop sharply; Nifty surges 1.6% The Indian stock market continued its upward trajectory for the fourth consecutive day, driven by a sharp decline in global crude oil prices and easing geopolitical tensions. The BSE Sensex and Nifty 50 indices closed higher, with the Nifty 50 surging 1.6% to 24,774.30 and the Sensex rising 0.7% to 78,639.03. The rally was bolstered by foreign institutional investor (FII) inflows, which marked a reversal from months of selling, with FIIs net buyers of Indian equities in July, injecting ₹20,200 crore. The surge in equity prices coincided with a 4.62% drop in Brent crude oil prices to $83.88 per barrel, attributed to renewed diplomatic discussions between the U.S. and Iran. Analysts highlighted that the decline in oil prices eased inflation concerns and improved corporate earnings outlook, further supporting investor sentiment. "The decline in crude oil prices, driven by expectations of renewed dialogue between the U.S. and Iran, provided relief to markets by easing concerns over inflation and corporate earnings," said Vinod Nair, Head of Research at Geojit Investments Ltd. Foreign fund inflows played a significant role in the market's optimism. On Friday, FIIs bought equities worth ₹277.48 crore, marking their first net buying in months. This shift was supported by attractive valuations, improving corporate earnings, and easing global economic headwinds. The market's resilience was also reflected in the performance of key sectors, with IT, services, and industrials leading the gains. The IT sector surged 2.53%, while FMCG and insurance sectors rose by 1.13% and 1.01%, respectively. The BSE Sensex saw a notable jump, climbing 544.39 points to 78,639.#nifty_50 #bse_sensex #tata_consultancy_services #geojit_investments_ltd #interglobe_airways
