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Sensex, Nifty rebound after three-day slide, but crude oil above $114 caps gains
PSU Watch 4 hrs ago·23 Oct 2026, 5:07 am
Indian equity indices, including the Sensex and Nifty 50, staged a recovery rally on Wednesday after a three-day losing streak. Buying interest returned across the board, helping the key benchmarks erase a portion of their recent losses. However, the rally remained cautious as global crude oil prices stayed elevated above the $114 per barrel mark. This persistent pressure on oil prices is a key factor keeping a lid on the market's upside potential.
For investors, this rebound highlights the market's resilience but also its sensitivity to external factors like crude oil. While the pullback provided a buying opportunity, the high oil price acts as a headwind for the broader economy and corporate earnings. Traders are closely watching whether the indices can sustain this momentum or if the crude oil rally will trigger fresh selling pressure in the coming sessions.
Excerpt from PSU Watch
New Delhi: Indian equity benchmarks Sensex and Nifty staged a modest recovery in early trade on Friday, snapping a three-session losing streak, as investors returned to select IT heavyweights and Reliance Industries. However, the rebound remained fragile, with crude oil prices climbing above USD 114 per barrel amid…Read the original at PSU Watch
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