- Gift Nifty surged 284.70 points (+1.20%) to 23,999.50, indicating a strong start for Indian equities.
- Crude oil prices witnessed a sharp decline, boosting sentiment for oil-consuming sectors and the broader market.
- Pre-open session signals:
- Sensex: 76,654.34 (+1,126.39 points)
- Nifty 50: 23,980.65 (+357.75 points)
Stocks Benefiting from the Fall in Crude Oil
- Indian Oil Corporation (IOC):
- Up 3.94% to ₹146.50
- Lower crude prices can improve refining and marketing margins.
- Asian Paints:
- Up 2.61% to ₹2,819
- Crude-linked raw material costs may decline, supporting profitability.
- InterGlobe Aviation (IndiGo):
- Up 3.70% to ₹4,884
- Aviation fuel is a major expense; lower oil prices reduce operating costs.
- ONGC:
- Up 0.73% to ₹248
- Despite lower crude prices, the stock remained positive amid strong market sentiment.
