Mumbai Stock Market Bounces Back: Sensex Surges 776 Points Amid Falling Crude Prices

The Mumbai stock market experienced a significant recovery on Monday, with the Sensex surging by 776 points, breaking a five-day losing streak. This rebound was largely attributed to a sharp decline in crude oil prices and easing geopolitical tensions in West Asia. The NSE Nifty also saw gains, ending at 23,995.95. Analysts noted that the positive market sentiment was bolstered by broad-based buying and improved global sentiment, as investor confidence strengthened amid lower inflation concerns. With notable gains across various sectors, including IT and Realty, the market's recovery signals a potential turnaround after recent losses.

By Narendra Chaudhary Jul 27, 2026, 16:46 IST

Market Recovery in Mumbai

Mumbai: The stock market in Mumbai ended its five-day downward trend on Monday, with the Sensex soaring by 776 points, driven by a significant drop in crude oil prices and easing geopolitical tensions in West Asia.

The BSE Sensex, comprising 30 shares, rose by 776.01 points, or 1.02%, closing at 76,835.78. At its peak during the day, it reached 76,901.51, marking an increase of 841.74 points or 1.10%.

The NSE Nifty, which includes 50 shares, also experienced a boost, climbing 228.50 points, or 0.96%, to finish at 23,995.95, thus breaking its five-day losing streak.

Among the companies listed on the Sensex, Eternal saw the largest increase, rising by 5.70%. Other notable gainers included InterGlobe Aviation, Infosys, Bajaj Finance, Asian Paints, and Mahindra & Mahindra.

Conversely, HDFC Bank, Power Grid, and Axis Bank were among the stocks that lagged behind.

Brent crude oil, a global benchmark, plummeted by 9.40% to USD 87.64 per barrel.

Vinod Nair, Head of Research at Geojit Investments Limited, commented, "The pause in strikes in West Asia has alleviated concerns regarding rising import costs and inflation, leading to a relief rally in the markets. The sharp decline in crude oil prices, coupled with falling long-term bond yields, has raised hopes for a sustainable resolution, supported by signs of long unwinding."

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,892.77 crore on Friday.

Gaurav Garg, an analyst at Lemonn Markets Desk, noted, "After five consecutive days of losses, the Indian stock market closed positively, bolstered by widespread buying and improving global sentiment. Investor confidence was strengthened as easing tensions between Iran and the US led to lower crude oil prices, alleviating inflation concerns for India."

The BSE SmallCap Select index rose by 1.71%, while the MidCap Select index increased by 1.65%.

The MidSmall Private Banks Quality Tilt index saw the highest gain at 2.36%, followed by IT at 2.30%, Realty at 2.25%, Focused IT at 2.09%, Services at 2%, Auto at 1.53%, and Hospitals at 1.43%.

Telecommunication was the only sector to experience a decline. Overall, 2,776 stocks advanced, while 1,580 declined, and 202 remained unchanged on the BSE.

Ajit Mishra, SVP of Research at Religare Broking Ltd, stated, "Investor sentiment improved following a sharp decline in crude oil prices due to reports of a temporary easing in geopolitical tensions in the Middle East. The positive market sentiment was further supported by encouraging quarterly earnings from select companies across various sectors, while renewed buying in IT stocks contributed to the recovery momentum."

Over the past five trading days, the BSE benchmark had fallen by 2,091.68 points, or 2.67%, while the Nifty had decreased by 566.85 points, or 2.32%.

In Asian markets, South Korea's KOSPI, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng all closed higher.

European markets were also trading positively, and US markets ended mostly higher.

On Friday, the Sensex had dropped by 331.62 points, or 0.43%, closing at 76,059.77, while the Nifty fell by 102.15 points, or 0.43%, to finish at 23,767.45.