Benchmark equity indices Sensex and Nifty rebounded sharply by around 1% on Wednesday (June 24, 2026), propelled by softening crude oil prices and hectic buying in bank, financial and IT shares.
Besides, growing expectations of an India-U.S. trade deal and foreign funds turning net buyers in the domestic market supported the firm trend in equities, traders said.
The 30-share BSE Sensex jumped 790.54 points, or 1.04%, to settle at 76,991.22. During the day, it surged 989.69 points, or 1.29%, to 77,190.37.
A total of 2,215 stocks advanced, while 2,034 declined and 181 remained unchanged on the BSE.
The 50-share NSE Nifty climbed 197.55 points, or 0.83%, to end at 24,021.65.
“Domestic equities ended higher, supported by positive Asian cues and a sharp drop in crude prices following improved traffic at the Strait of Hormuz, alongside growing expectations of an imminent India-U.S. trade deal,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
From the Sensex pack, InterGlobe Aviation, Trent, Tech Mahindra, Bajaj Finance, ICICI Bank, Infosys, HDFC Bank and Tata Consultancy Services were among the major winners.
In contrast, NTPC, Tata Steel, Maruti and Bharat Electronics were among the laggards.
The BSE SmallCap Select index edged higher by 0.44%, and the MidCap Select index went up by 0.32%.
Sectorally, the BSE Private Banks index climbed 2.21%, Realty (2.17%), Services (2.14%), IT (1.81%), Bankex (1.78%), Focused IT (1.68%) and MidSmall Private Banks Quality Tilt (1.64%).
Industrials, Telecommunication, Utilities (0.79%), and Power were among the laggards.
“The surge came on the back of falling prices of crude oil amidst relief about the situation between the USA and Iran, as well as the possibility of uninterrupted energy flow through the Strait of Hormuz. Favourable international factors, foreign institutional investors’ purchases, strength in bank stocks, and IT companies were other positive factors for the market,” Vikram Kasat, Head Advisory, PL Capital, said.
Brent crude, the global oil benchmark, dropped 1.69% to $75.78 per barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹17.86 crore on Tuesday (June 23, 2026), according to exchange data.
A senior U.S. official has said that the United States and India are “very, very close” to concluding a historic bilateral trade deal that will open the 1.4 billion-strong Indian market to American goods on reciprocal and mutually beneficial terms.
“Indian equity markets rebounded sharply from the previous session’s sell-off, led by strong gains in banking stocks and a recovery in the IT sector. Sentiment improved as easing geopolitical tensions in the Middle East, and a further decline in crude oil prices helped restore risk appetite and support broader market participation,” Ponmudi R., CEO of Enrich Money, an online trading and wealth tech firm, said.
In Asian markets, South Korea’s Kospi climbed over 3% after a steep decline in the previous trading session. Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index also settled higher, while Japan’s Nikkei 225 index ended lower.
Markets in Europe were trading on a mixed note.
U.S. markets ended sharply lower on Tuesday (June 23, 2026). The Nasdaq Composite tumbled 2.21%, and the S&P 500 dropped 1.44%.
On Tuesday (June 23, 2026), the Sensex tanked 893.39 points, or 1.16%, to settle at 76,200.68. The Nifty dropped 278.80 points, or 1.16%, to end at 23,824.10.
