Sensex, Nifty rebound after market bloodbath as investors track oil prices and global signals

Indian stock markets opened higher on Tuesday after a sharp fall in the previous session. Investors returned to buying, while traders closely watched global developments and crude oil prices. As a result, benchmark indices Sensex and Nifty started the day with gains.

First, the BSE Sensex opened at 78,192.35. The index rose about 626 points, or 0.81 percent, from the previous close. At the same time, the NSE Nifty 50 also moved higher. The index opened around 24,191.75, gaining more than 163 points in early trade.

Earlier in the pre-opening session, markets had already signaled a recovery. The Sensex traded near 78,376, which showed a rise of about 810 points. Meanwhile, the Nifty touched 24,280 during the same phase. These numbers indicated strong early buying after Monday’s heavy losses.

However, market participants remain cautious. Investors continue to monitor global cues closely. In particular, they track crude oil prices, foreign institutional investor flows, and the movement of the Indian rupee against the US dollar. These factors will likely decide the short-term direction of the market.

At the same time, geopolitical developments have started influencing sentiment. Tensions in West Asia have increased due to the conflict involving Iran, the United States, and Israel. The crisis began after strikes on Iran on February 28 that killed Supreme Leader Ayatollah Ali Khamenei. Since then, the conflict has triggered uncertainty in global energy markets.

This tension caused a major sell-off in Indian equities on Monday. Investors reacted strongly to rising oil prices and weak global signals. As a result, benchmark indices recorded sharp losses during the session.

The Sensex fell 1,352.74 points, or 1.71 percent, and closed at 77,566.16 on Monday. During intraday trade, the index dropped even further. At one point, it plunged more than 2,494 points and touched 76,424. The broad market also reflected weakness. On the BSE, 3,379 stocks declined, while only 972 stocks advanced.

Similarly, the Nifty 50 ended the day lower. The index dropped 422.40 points, or 1.73 percent, and closed at 24,028.05. During the trading session, the Nifty even slipped to 23,697, marking a decline of more than 750 points at one stage.

Apart from geopolitical concerns, other factors also weighed on sentiment. Foreign investors continued to pull money out of Indian equities. In addition, the Indian rupee weakened against the US dollar. These trends further pressured the market.

However, some positive signals emerged on Tuesday morning. The Indian rupee strengthened slightly and opened around 91.925 per US dollar, gaining about 0.44 percent from the previous close. Currency stability often supports investor confidence in equities.

Meanwhile, global oil prices also eased after a sharp surge. On Monday, Brent crude had crossed 100 dollars per barrel, reaching its highest level in more than three years. Supply concerns and rising tensions in West Asia triggered the spike.

But on Tuesday morning, prices declined noticeably. Brent crude dropped about 6.6 percent to around 92.45 dollars per barrel. At the same time, US West Texas Intermediate (WTI) crude fell nearly 6.5 percent to 88.65 dollars. The correction in oil prices helped calm some market fears.

One factor behind this easing came from Washington. US President Donald Trump hinted that the conflict involving Iran could end soon. His comments reduced fears of a prolonged supply shock in global energy markets. As a result, traders reacted positively and equities found support.

Crude oil prices hold special importance for global markets. Brent crude, which originates in the North Sea between the United Kingdom and Norway, serves as a major international benchmark. Countries and companies use Brent prices to determine the cost of petroleum products such as petrol, diesel, and plastics.

Moreover, the conflict in West Asia threatens key shipping routes. The Strait of Hormuz, one of the world’s most critical oil transit points, handles a large portion of global energy shipments. Any disruption there can influence oil supply and impact global markets.

For now, Indian markets show signs of recovery after Monday’s steep fall. However, investors remain alert. Oil prices, geopolitical tensions, foreign investment trends, and currency movement will continue to shape market direction in the coming days.