Markets Open Higher as Oil Prices Ease
What Happened
Indian benchmark indices started the week in the green, supported by positive global cues and a decline in crude oil prices after improved oil flows through the Strait of Hormuz. The Sensex opened up 240 points (+0.32%) at 74,535, while the Nifty opened 16 points higher at 23,330.
Key Takeaways
Lower crude oil prices and renewed institutional buying provided early support to Indian equities, helping the market open in positive territory. However, investors remain cautious as oil prices are still above $100 per barrel, while ongoing Middle East tensions, upcoming economic data, and global interest-rate signals could keep volatility elevated through the week.