Sensex, Nifty rebound from near six-month lows amid crude shock
Mint 1 hr ago·29 Sept 2026, 6:14 am
India's key equity indices, the Sensex and Nifty 50, staged a recovery from their lowest levels in nearly six months on Tuesday. The market had initially slipped sharply, with both benchmarks falling as much as 0.9% in early trade. However, they pared losses by mid-morning, with the Nifty 50 down 0.29% and the Sensex falling 0.35%.
The sharp initial drop was largely triggered by a jump in global crude oil prices. Oil is a critical input for the Indian economy, and higher prices weigh on the current account deficit and corporate margins. This makes the rally a cautious one, as investors monitor whether the recovery can hold against the headwinds from global commodity markets.
Investors should watch for the next leg of trade to gauge if the rebound is sustainable. Volatility is expected to remain high as global cues, including crude oil trends and foreign fund flows, continue to influence domestic sentiment.
Excerpt from Mint
The NSE Nifty 50 traded 0.29% lower while the BSE Sensex shed 0.35% to 72,522.09 by mid-morning trade. Earlier in the session, both indices tumbled as much as 0.9%. Indian equity benchmarks rebounded from early morning session lows on Tuesday, though indices still hovered near six-month troughs as soaring crude oil…Read the original at Mint
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