India's Sensex opens 549 points higher as crude falls 5%, Nifty tops 23,900

India's BSE Sensex opened trading on Monday, 27 July 2026, up 549.21 points, or 0.72 percent, at 76,608.98, while the Nifty gained 160.95 points to open at 23,928.40.

The main driver was a roughly 5 percent drop in crude oil prices after a two-day pause in strikes between the United States and Iran. For India, one of the world's largest oil importers, cheaper crude directly lowers the import bill and eases inflationary pressure.

Among sectors, the Nifty MidSmall Financial Services index led gains at 1.29 percent, followed by Nifty IT at 1.25 percent, Nifty Media at 1.06 percent and Nifty FMCG at 1 percent. Foreign institutional investors sold 3,892.77 crore rupees of equities on 24 July, while domestic institutions bought 5,453.55 crore rupees.