Indian equity markets extended their recovery on Thursday, with the BSE Sensex reclaiming the 77,000 mark as selling pressure from earlier in the week dissipated.
The benchmark index rose 365 points to close at 77,287.95, up from the previous session’s close of 76,922.64.
Brent crude oil slipped below the $71 per barrel threshold, providing a tailwind for cost-sensitive sectors and reducing inflationary concerns for the Indian economy.
The broader Nifty 50 index also advanced, gaining 100 points to trade at 24,106.20 after closing at 24,005 the day before.
The rally was broad-based but led by the information technology sector, which benefited from improved sentiment and a dip in global energy prices.
Brent crude oil slipped below the $71 per barrel threshold, providing a tailwind for cost-sensitive sectors and reducing inflationary concerns for the Indian economy.
This energy price softening helped offset broader macroeconomic uncertainties that had weighed on investor appetite in recent trading sessions.