Sensex, Nifty Rebound After Recent Losses
Indian stock markets moved higher on Monday after recent pressure linked to Iran war concerns, crude oil prices, Q4 earnings and F&O expiry positioning, with benchmark indices trading near the day’s highs.
Sensex And Nifty Rise In Early Trade
The BSE Sensex rose nearly 500 points in early trade, while the NSE Nifty 50 moved back above the 24,000 mark. The rebound came after recent volatility driven by elevated crude oil prices and uncertainty around US-Iran talks.
Market sentiment improved as buying returned in select large-cap stocks, helping indices recover from the earlier risk-off mood.
Reliance And Sun Pharma Support Market Gains
Reliance Industries and Sun Pharma were among the key contributors to the market’s rise. Reliance recovered after initial weakness following its quarterly results, while Sun Pharma gained strongly after announcing a major acquisition deal.
Information technology stocks also saw buying after sharp recent declines. Broader markets participated in the recovery, with midcap and smallcap indices trading higher.
Iran War And Oil Prices Remain Key Risks
Despite the rebound, investors remain cautious because crude oil prices are still elevated due to the Iran conflict and concerns over supply disruptions. Higher oil prices are a major risk for India because they can increase inflation, widen the import bill and pressure the rupee.
Traders are also watching Tuesday’s F&O expiry, with Nifty options positioning showing key support near 24,000 and resistance around 24,500. Analysts expect volatility to remain high as markets track global cues, crude prices, corporate earnings and foreign investor flows.
