Sensex Edges Up on Lower Oil Prices
2026-09-23 04:52
By
Jereli Escobar
1 min. read
India’s BSE Sensex edged up about 0.2% to 74,688 at Wednesday’s open, recovering from the previous session’s losses as falling crude prices and gains across Asian markets offered support, although persistent foreign fund outflows capped sentiment.
Oil prices eased as Saudi Arabia restored crude supply via a key Red Sea pipeline, while hopes for a diplomatic solution to the US-Iran war grew.
With Brent crude near $98 a barrel, traders watched bond yields and US-Iran diplomacy for direction.
Meanwhile, foreign investors sold 38.1 billion rupees ($398.6 million) of Indian equities on Tuesday, extending their selling streak to eight sessions in the past nine trading days.
Among stocks, Arvind SmartSpaces jumped 10.8% on bookings above 5 billion rupees at its Bengaluru project Arvind Sylva.
Clean Max Enviro Energy gained 2.9% after Macquarie initiated coverage with an “outperform” rating, while Bajaj Finance rose 2.1% after UBS upgraded it to “neutral” from “sell.”