Sensex Extends Gains on Lower Oil Prices

2026-07-02 04:38 By Jereli Escobar 1 min. read

India’s BSE Sensex rose about 0.7% to 77,383 in early trade on Thursday, following gains in the previous session, as lower crude oil prices lifted sentiment in the import-dependent economy.

Brent crude slipped below $71 a barrel after signs of progress in indirect US-Iran talks eased concerns over India's inflation and import bill.

Among individual stocks, V-Mart Retail gained after reporting a 23% increase in quarterly revenue and 9% same-store sales growth.

Banking shares were also in focus after Indian Bank and Punjab & Sind Bank reported double-digit growth in gross advances.

Despite the upbeat start, investors remained cautious ahead of key US unemployment data due later in the day, which is expected to remain unchanged at 4.3% and could offer fresh clues on the Federal Reserve's interest-rate path.

Top performers included Vedanta Oil and Gas (11.6%), RHIM (9.4%), Sonata (8.5%), Exide (5.2%), Infosys (4.6%), and Vedanta (4.1%).



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Sensex Extends Gains on Lower Oil Prices
India’s BSE Sensex rose about 0.7% to 77,383 in early trade on Thursday, following gains in the previous session, as lower crude oil prices lifted sentiment in the import-dependent economy. Brent crude slipped below $71 a barrel after signs of progress in indirect US-Iran talks eased concerns over India's inflation and import bill. Among individual stocks, V-Mart Retail gained after reporting a 23% increase in quarterly revenue and 9% same-store sales growth. Banking shares were also in focus after Indian Bank and Punjab & Sind Bank reported double-digit growth in gross advances. Despite the upbeat start, investors remained cautious ahead of key US unemployment data due later in the day, which is expected to remain unchanged at 4.3% and could offer fresh clues on the Federal Reserve's interest-rate path. Top performers included Vedanta Oil and Gas (11.6%), RHIM (9.4%), Sonata (8.5%), Exide (5.2%), Infosys (4.6%), and Vedanta (4.1%).
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Sensex Finishes Higher
India’s BSE Sensex closed about 0.6% firmer at 76,923 on Wednesday, snapping a two-session losing streak, led by gains in autos. Meanwhile, investors tracked developments in the Middle East and domestic data, while awaiting Fed Chair remarks later in the day. Final data showed India's manufacturing sector continued to expand in June, but the pace of growth slowed to its second-weakest level since mid-2022. Maruti and Mahindra & Mahindra were among the top performers, rising 2.1% and 1.9%, respectively, after reporting solid sales numbers. Financials and fast-moving consumer goods also advanced firmly, outweighing weakness in tech and metal stocks. Eternal, Asian Paints, Hindustan Unilever, Adani Ports, and State Bank of India saw gains between 2% and 5.7%. Conversely, HCL Tech (-3.5%), Tech Mahindra (-3.1%), Tata Consultancy Services (-2.6%), Tata Steel (-1.6%) and Infosys (-1.5%) posted the biggest losses.
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