Sensex, Nifty rally as Brent dips below $79 on deal

Market opens higher, extending the winning streak

Indian equity benchmarks opened higher in Mumbai on Wednesday, building on gains from the last few sessions. The move was linked to easing crude oil prices and strength in information technology stocks. In opening trade, the 30-share BSE Sensex rose 271.61 points to 77,080.09. The NSE Nifty advanced 55.35 points to 24,044.50. Early trading levels showed the market attempting to hold above key psychological marks.

Early trade levels: Sensex near 77,000, Nifty above 24,000

Soon after the open, the S&P BSE Sensex was up 179.03 points, or 0.23%, at 76,987.51. The NSE Nifty50 gained 46.45 points, or 0.19%, to trade at 24,035.60. The Nifty remained above 24,000, a level closely watched by traders for sentiment. The day’s move marked the fourth straight session of gains if the trend held through the session. The advance came after a period of choppy trading in recent weeks, with investors tracking global developments and energy prices.

Crude oil slide remains the key driver

A decline in crude oil prices was cited as a major trigger for the equity move. Brent crude fell 0.65% to $18.45 per barrel, while WTI crude slipped 0.84% to $15.41. Another update put Brent around $18.44–$18.6 a barrel, after falling more than 5% in the previous session to close at a three-month low. The drop was linked to a US-Iran peace agreement and reports that the US may waive Iran oil sanctions under the deal. Lower crude prices tend to ease inflation concerns and reduce pressure on India’s external balances, given the country’s dependence on energy imports.

IT stocks lead; Nifty IT tops sectoral indices

IT counters outperformed, helping support benchmark indices. Nifty IT emerged as the top performer among sectoral indices, rising 1.33% in early trade. Among Sensex constituents, Infosys rose 1.65%, Tech Mahindra gained 1.61%, TCS climbed 1.28%, and HCLTech advanced 1.18%. Another market note said IT stocks rose about 0.8% ahead of the first Federal Reserve rate decision under new Chair Kevin Warsh, with TCS and Infosys up around 1%. The sector’s move stood out as the market digested global macro cues alongside domestic positioning.

Intraday highs: Sensex above 77,176, Nifty above 24,097

As trading progressed in the morning, benchmarks pushed to fresh intraday highs. The Sensex touched 77,176.51, while the Nifty rose as high as 24,097.40. One update described the Sensex’s morning high as a gain of over 368 points. These levels reinforced the rebound narrative around the 24,000 mark for the Nifty. Market commentary also referenced the indices “playing catch-up” to prior peaks as momentum held up for a fourth session.

Stock-specific movers highlighted in early trade

Trent led gains among Sensex stocks in early trade with a 3.64% jump. Eternal added nearly 1% in another early snapshot. The focus on a handful of large movers reflected selective buying even as the headline indices strengthened. The rally also aligned with reports of improved global risk sentiment as crude prices cooled. However, the day’s leadership clearly tilted toward IT, based on sector performance and constituent gains.

What the recent sessions show

The rise on Wednesday added to a multi-session uptrend referenced across market updates. Over the previous three sessions alone, the Sensex was reported to be up 4%, while the Nifty had gained 3.6%. A separate note said the Sensex closed about 0.7% firmer at 76,826.8 on Tuesday, the highest since May 8, extending gains for the third session. Another data point stated the Sensex rose to 76,827 points on June 16, 2026, gaining 0.74% from the previous session. Together, these figures underline that the latest push came after several sessions of incremental gains.

Global cues: US-Iran agreement and Fed watch

The market’s immediate global cue was the US-Iran peace agreement, with expectations that it could lift oil supply as sanctions are eased. This backdrop helped crude drop below $19 in the latest readings cited. Separately, investor attention was also on the US Federal Reserve’s policy decision, described as the first under new Chair Kevin Warsh, with expectations of a stable interest rate outcome in the update. While the Fed decision itself was still pending in the narrative provided, positioning in IT suggested traders were aligning for global rate stability.

Key numbers at a glance

Why it matters for Indian markets

The day’s move showed how quickly sentiment can shift when crude prices fall sharply, especially after a period of elevated energy uncertainty. With the Nifty holding above 24,000 and the Sensex near 77,000, traders appeared to be treating lower oil as a near-term support for risk assets. The leadership from IT also mattered because it helped lift heavyweight constituents that influence index direction. Market participants will continue to track crude’s trajectory and follow-through in index levels after the morning highs.

Conclusion

Wednesday’s early gains kept the Sensex and Nifty on a four-session winning run, supported by a fall in Brent crude to around $18.45–$18.6 a barrel and strength in IT stocks. The session also featured fresh intraday highs of 77,176.51 for the Sensex and 24,097.40 for the Nifty. Near-term attention remains on crude price moves linked to the US-Iran agreement and the upcoming US Federal Reserve rate decision referenced in market updates.