Indian Stocks Rebound
2026-06-22 04:27
By
Jereli Escobar
1 min. read
India’s BSE Sensex rose about 0.5% to 77,177 in early trade on Monday, rebounding from losses in the last session as easing crude oil prices and improving global risk sentiment supported investor appetite.
Market sentiment improved after reports that US-Iran talks advanced toward a final deal within 60 days, easing concerns following President Donald Trump's threat of fresh strikes on Iran.
Further support came after India said three oil tankers carrying over 860,000 metric tons safely crossed the Strait of Hormuz, a route handling about 20% of global oil supplies.
Among individual stocks, Bharat Forge secured a INR 4.25 billion contract from the Defence Ministry to supply gas turbine generators to the Indian Navy, while Kirloskar Oil Engines shares jumped 20% after securing a major order from HyperNext for data center infrastructure.
Other notable gainers were Aegis Logistics (6.3%), SCI (4.1%), NIACL (3.2%), Garden Reach Shipbuilders (3.2%), HFCL (2.8%), and Reliance (2.3%).