New Delhi, May 25: Indian equity markets witnessed a strong rally in early trading on Monday, with both the Sensex and Nifty gaining nearly 1% after crude oil prices dropped below the $100-per-barrel level. The decline in oil prices boosted investor confidence and improved overall market sentiment.
The Sensex surged more than 900 points, while the Nifty moved closer to the 24,000 mark, led by gains in banking, auto, and financial stocks. Investors remained optimistic as lower crude prices are expected to ease inflation concerns and reduce India’s import burden.
Positive global cues and hopes of easing geopolitical tensions also supported the rally, encouraging buying across major sectors. Analysts believe that softer crude oil prices could strengthen economic stability and attract further foreign investments into Indian markets.