Mumbai, June 24: Indian equity benchmarks traded in a narrow range on Wednesday morning for a second consecutive session amid decline in crude oil prices.

Sensex was trading at 76,348.95, up over 100 points or 0.19 per cent in early deals, while Nifty was at 23,853.75, higher by 30 points or 0.12 per cent.

Sector-wise, Nifty IT led the gains, rising nearly 1 per cent, followed by Nifty MidSmall IT & Telecom (0.72 per cent), Nifty Pharma (0.68 per cent), Nifty Healthcare (0.57 per cent) and Nifty Realty (0.3 per cent).

Financial and banking stocks also remained in positive territory, with Nifty Private Bank and Nifty PSU Bank advancing 0.23 per cent and 0.21 per cent, respectively.

On the downside, metal and auto stocks witnessed selling pressure, with Nifty Metal declining 0.23 per cent and Nifty Auto slipping 0.21 per cent.

“The crash in Brent crude has removed the macro headwinds for India. The rupee has stabilised and FII selling appears to have tapered off,” analysts said, adding that these developments are positive for the market.

However, they cautioned that a weak monsoon remains a concern. Rainfall has been deficient by 43 per cent so far, raising fears of a marginal impact on economic growth and corporate earnings.

The analysts advised investors to align their portfolios with the emerging risks, noting that sectors such as FMCG and entry-level two-wheelers could be affected by lower rural incomes. “Pharmaceutical stocks, with their relatively inelastic demand profile, are likely to remain resilient and could even outperform in a monsoon-deficient environment,” they said.

On the commodities front, international benchmark Brent crude fell more than 1 per cent to around $76 a barrel, while US West Texas Intermediate (WTI) crude declined 1.5 per cent to about $72 a barrel.

Mumbai, June 23: Indian equity markets opened on a flat note on Tuesday after a multi-session rally driven by easing tensions in West Asia.

Sensex opened at 77,086.05, down 8 points or 0.01 per cent, while Nifty started the session at 24,071.30, lower by 31.60 points or 0.13 per cent.

Sector-wise, Nifty Pharma was top gainer, rising 0.41 per cent, followed by Nifty MidSmall Healthcare (up 0.40 per cent), Nifty 500 Healthcare and Nifty Media, both gaining 0.29 per cent.

While Nifty Cement and Nifty Oil & Gas also advanced 0.27 per cent and 0.18 per cent, respectively.

In contrast, Nifty Metal was the worst-performing sector, declining 0.8 per cent, followed by Nifty IT, which fell 0.77 per cent.

Among Nifty 50 constituents, Infosys, Hindalco Industries, TCS, HCLTech, Tech Mahindra, Tata Steel and Wipro were the top losers in early trade.

The broader market remained resilient, with smallcap and midcap indices outperforming the benchmarks.

Nifty Smallcap 50 rose 0.34 per cent, while Nifty Smallcap 250 and Nifty Smallcap 500 gained 0.33 per cent and 0.28 per cent, respectively.

Meanwhile, India VIX — the market’s fear gauge — declined 0.7 per cent to 12.75.

According to market experts, easing tensions in West Asia and the sharp correction in Brent crude prices below $80 per barrel have improved the outlook for India’s GDP growth and corporate earnings in FY27.

They noted that stability in the rupee and a moderation in foreign portfolio investor (FPI) selling remain key positives for equities.

However, they cautioned that the progress of the monsoon will be closely watched, as a prolonged rainfall deficit could weigh on rural demand, inflation and sectors such as FMCG.

In the commodities market, international benchmark Brent crude fell 0.5 per cent to $77.51 per barrel, while US West Texas Intermediate (WTI) crude declined 0.35 per cent to $73.60 per barrel.

Mumbai, June 22: Domestic equity markets traded higher on Monday, mirroring positive global cues amid easing crude oil prices and geopolitical concerns in West Asia.

Sensex surged over 400 points or 0.54 per cent to touch an intraday high of 77,223 in morning trade, while Nifty traded more than 100 points or 0.51 per cent higher at 24,137.

Among sectoral indices, IT stocks led the gains, with the Nifty IT index rising over 1 per cent. The Nifty MidSmall IT & Telecom and Nifty Oil & Gas indices also advanced about 0.8 per cent each.

Consumer durables, financial services, media and metal stocks traded in positive territory, while auto, pharma, realty and FMCG indices posted modest gains. In fact, all sectoral indices were trading higher in early deals. On the downside, IndiGo, Titan, Grasim Industries and Bharti Airtel were among the top losers on the Nifty.

According to market experts, the resilience in domestic equities is being supported by easing crude oil prices, rupee appreciation and moderating foreign fund outflows.

They noted that Brent crude remaining below $80 a barrel despite geopolitical uncertainties in West Asia suggests that markets do not expect a major escalation in the conflict.

Analysts said the strengthening rupee and the prospect of fresh capital inflows could lend further support to sentiment, while mid- and small-cap stocks continue to attract investor interest on expectations of stronger earnings growth. Banking stocks, particularly those in the Bank Nifty index, remain fundamentally strong, they added.

On the commodities front, international benchmark Brent crude declined over 2 per cent to $78.74 per barrel, while US West Texas Intermediate (WTI) crude fell 3 per cent to $74.98 per barrel.