Indian Markets Rally on Crude Dip
Analysis based on 7 articles · First reported Apr 07, 2026 · Last updated Apr 08, 2026
Indian benchmark indices, S&P BSE Sensex and NIFTY 50, ended higher due to a drop in Brent Crude prices and a rally in global markets. The IT sector significantly outperformed, while Foreign institutional investor selling was largely offset by Domestic Institutional Investors buying.
On Tuesday, April 7, Indian stock market benchmark indices, S&P BSE Sensex and NIFTY 50, closed higher, recovering from early losses. The S&P BSE Sensex jumped 509.73 points (0.69%) to 74,616.58, and the NIFTY 50 climbed 155.40 points (0.68%) to 23,123.65. This rally was primarily driven by a drop in Brent Crude prices to USD 109 per barrel and positive sentiment from global markets, including higher closes in Asian and US markets. The IT sector, with major gainers like Tata Consultancy Services, HCLTech, and Infosys, played a crucial role in anchoring the recovery. Despite Foreign institutional investor offloading equities worth Rs 8,167.17 crore, Domestic Institutional Investors provided a cushion by buying stocks worth Rs 8,088.70 crore.
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