Overview
- The Sensex closed up 286.98 points at 77,656.09 and the Nifty rose 115.50 points to 24,334.55 after erasing earlier losses on Tuesday.
- Brent crude dropped about 3%, falling below $90 a barrel, after traders judged fresh US sanctions on Iran less severe and early reports said Iran had resumed talks with Oman over the Strait of Hormuz.
- Heavy buying in the final hour of trade on the monthly Nifty derivatives expiry amplified the rebound and helped equities recover from an earlier geopolitically driven selloff.
- Markets opened higher on Wednesday after oil fell further into the mid‑$80s, the rupee strengthened and bond yields eased, while foreign institutional flows showed net buying in recent sessions.
- For India, lower oil prices ease import and inflation pressure and can support the rupee and equities, but upcoming inflation data and US Fed signals remain the next key risks to watch.