Indian equity benchmarks opened higher on Thursday, supported by a broad rally across Asian markets and a pullback in crude oil prices.
The Nifty 50 index rose 0.43%, with positive breadth evident as 15 of the 16 major sectors advanced.
The market move reflects a shift in sentiment as traders digest the impact of softer energy costs on downstream profitability.
The decline in crude prices is particularly significant for India’s fast-moving consumer goods (FMCG) sector, which faces lower input costs for packaging and logistics.
Analysts at Anand Rathi Capital Markets highlighted that the consumer sector is poised for a strong start to the fiscal year, with healthy revenue growth expected in the June quarter.
The firm cited premiumisation, price-led growth, and GST rate cuts as key drivers, alongside the margin boost from cheaper crude.