Stock Market Today: Sensex Rebounds, Nifty Stays Flat Amid Oil Concerns
The stock market showed resilience on Monday as Sensex rebounded from early losses, while the Nifty stayed mostly flat. Volatility persists as tensions in the Middle East keep crude oil near $100 a barrel.
Here’s a more detailed look.
Why Did the Stock Market Remain Volatile Today?
The stock market remained volatile as crude oil prices surpassed $100 per barrel amid tensions in the Middle East. Rising oil prices have raised inflation fears and weakened sentiment, triggering sharp swings in the Sensex and Nifty during the session.
How Did Sensex and Nifty Perform by the Close?
The Sensex recovered nearly 550 points from its intraday low to close at 75,502.85, while the Nifty ended at 23,408.80 with marginal losses. Late buying in banking and cement stocks helped the market recover from early declines.
Greening the Future
23 Jul 2026 - Vol 05 | Issue 30
Securing a sustainable India
Which Stocks Led the Market Gains?
Cement, banking, and metal stocks led the market’s recovery. UltraTech Cement gained 4% on infrastructure demand, while HDFC Bank rose around 3%. Hindalco and JSW Steel also advanced as investors responded to tightening global metal supply conditions.
Which Stocks Pulled the Market Down?
Technology stocks weighed on the stock market despite the broader recovery. Wipro fell more than 1.2%, while Infosys and TCS also declined amid weak global technology sentiment. Bharat Electronics dropped around 2.25% as investors booked profits after recent gains.
Why Did Oil and PSU Stocks Slip Despite High Crude Prices?
Energy companies such as ONGC and Coal India declined around 1.5% despite higher crude prices. Investors remain cautious because possible government intervention and rising production costs could limit profitability even during periods of elevated oil prices.
Which Sectors Look Promising for the Rest of 2026?
Analysts favour banking, renewable energy, and consumer staples. Private lenders like HDFC Bank and ICICI Bank show steady credit growth, while Tata Power and Reliance draw attention for expanding solar and green hydrogen investments.
What Could Shape the Stock Market Next?
Future stock market movement will depend on oil prices, geopolitical developments, and global policy signals. If inflation eases and crude stabilises, analysts expect the SENSEX and NIFTY to regain momentum.
(With inputs from yMedia)