Last Updated on July 27, 2026 5:31 pm by BIZNAMA NEWS
Nifty Jumps 0.96% as Crude Oil Prices Plunge
By Our Business Correspondent
NEW DELHI — Key domestic equity benchmarks staged a robust recovery on Monday, bringing an emphatic end to a five-session losing streak. Propelled by a sharp retreat in global crude oil prices, easing geopolitical tensions in the Middle East, and solid early-bird corporate earnings, the markets marched higher across the board. Frontline indices reclaimed critical psychological thresholds, with the Nifty closing comfortably near the 24,000 mark.
The 30-share BSE Sensex surged 776.01 points, or 1.02%, to settle at 76,835.78. Concurrently, the broader NSE Nifty 50 jumped 228.50 points, or 0.96%, to finish at 23,995.95. The recovery provided much-needed relief to investors after a bruising previous week that saw the Sensex slide 2.67% and the Nifty shed 2.32% over five consecutive sessions of declines.
Market Breadth and Broader Indices Outperform
Demonstrating strong underlying market participation, the broader markets outpaced their frontline counterparts. The BSE 150 MidCap Index rallied 1.13%, while the BSE 250 SmallCap Index advanced 1.34%.
Market breadth heavily favored the bulls. On the National Stock Exchange (NSE), 2,259 shares advanced while 1,071 declined, and 116 remained unchanged. Investor confidence was further mirrored by a massive drop in the NSE’s India VIX—the market’s premier fear gauge—which tanked 9.76% to close at 12.66, signaling a sharp compression in near-term volatility expectations.
Corporate Earnings Spotlight: Gainers and Losers
First-quarter financial scorecards for FY27 dictated individual stock movements, triggering sharp reactions among major players:
Major Gainers (Top Performers)
- Fairchem Organics: Hit the 5% upper circuit after reporting an astounding 755.56% year-on-year surge in standalone net profit to Rs 10.01 crore for Q1 FY27, backed by a 34.40% rise in operational revenue to Rs 176.15 crore.
- Lodha Developers (Macrotech Developers): Surged 5.27% following a 103.36% leap in consolidated net profit to Rs 1,372.1 crore, driven by robust residential demand and strong project execution.
- AU Small Finance Bank: Jumped 5.08% after posting a 37.03% increase in standalone net profit to Rs 795.95 crore.
- Eternal: Rallied 5.61%, acting as one of the primary drivers for the Nifty’s upward trajectory.
- Infosys & Bajaj Finance: Gained 3.59% and 3.57% respectively, lifting sentiment across the tech and financial sectors. Infosys benefited from a favorable foreign brokerage upgrade.
- Tata Consumer Products: Advanced 1.84% on the back of a 27.78% jump in consolidated net profit to Rs 426.98 crore.
- Seshasayee Paper and Boards: Climbed 3.42% after net profit nearly doubled, surging 96.89% YoY to Rs 33.59 crore.
Major Losers & Underperformers
- Birla Corporation: Dropped 5.42% after reporting a 3.20% dip in consolidated net profit to Rs 115.73 crore, despite a 7.8% growth in quarterly revenues.
- Zen Technologies: Slipped 5.00% as consolidated net profit fell 27.83% YoY to Rs 34.46 crore, accompanied by a 10.48% drop in operating revenue.
- SBFC Finance: Shed 2.01% despite posting a solid 28.98% jump in net profit, as profit-booking weighed on the counter.
- Jindal Steel: Though trading higher intraday (+2.92%) on a 25.76% rise in total income, investors noted a steep 43.58% decline in consolidated net profit down to Rs 844 crore.
Macroeconomic Indicators & Forex
Data released by the Reserve Bank of India (RBI) showed that India’s foreign exchange reserves rose by $1.08 billion to stand at $676.24 billion for the week ended July 17, 2026. Foreign currency assets (FCAs) expanded by $4.55 billion to $551.06 billion, compensating for a $3.48 billion drop in gold reserves, which stood at $101.75 billion.
In the currency markets, the partially convertible rupee appreciated against the US dollar, hovering around 95.9425 compared to its previous close of 96.5300. Meanwhile, the yield on India’s 10-year benchmark federal paper softened 0.82% to close at 6.770%.
Commodities and Global Cues
Global markets provided a conducive backdrop for the domestic rally. Brent crude futures for September 2026 settlement plummeted $7.93, or an aggressive 8.19%, to trade at $88.85 a barrel following reports of a temporary pause in US-Iran hostilities over the weekend.
European shares rallied sharply, tracking the drop in crude prices that helped alleviate global inflation fears. In Asia, indices closed firmly in the green. Concurrently, data from China showed industrial profits rising 15.1% year-on-year in June, though growth continued to moderate for the second consecutive month.
Wall Street futures pointed to a buoyant start, with Dow Jones futures surging 589 points as investors braced for a packed week featuring key corporate technology earnings and the upcoming US Federal Reserve monetary policy meeting.
Robust IPO Activity
Primary markets remained exceptionally active, witnessing strong traction from retail and institutional investors alike:
- INDO-MIM: Witnessed overwhelming demand, drawing bids for 3.98 billion shares against 55.09 million on offer, resulting in an overall subscription of 72.31 times.
- Xtranet Technologies: Subscribed 12.16 times, receiving bids for over 111.8 million shares.
- Lohia Corp: Closed its bidding cycle with a healthy subscription of 7.23 times.
Disclaimer: This report is based solely on the information provided in the source material shared by the user. Figures, market data, company results and geopolitical developments have been retained from the source and have not been independently verified.