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On July 28, 2026, both the Nifty and Sensex started the trading session on a stable note. Investors reacted positively to the de-escalation of the US-Iran conflict, which contributed to a decline in oil prices. The Nifty index opened at 23,971.25, while the Sensex began at 76,831.75. The Indian rupee appreciated by 15 paise, trading at 95.76 against the dollar, compared to the previous close of 95.91. Brent Crude oil was priced below $87 per barrel at the time of this report.

After a five-day losing streak, the stock markets rebounded on Monday, with the benchmark Sensex gaining 776 points, driven by a significant drop in crude oil prices amid reduced tensions in West Asia. The 30-share BSE Sensex rose by 776.01 points, or 1.02%, closing at 76,835.78. During the trading day, it peaked at 76,901.51, up by 841.74 points, or 1.10%. The 50-share NSE Nifty climbed 228.50 points, or 0.96%, finishing at 23,995.95, marking the end of its five-day decline.

Among the companies listed on the Sensex, Eternal saw the largest increase, rising by 5.7%. Other notable gainers included InterGlobe Aviation, Infosys, Bajaj Finance, Asian Paints, and Mahindra & Mahindra. Conversely, HDFC Bank, Power Grid, and Axis Bank experienced declines.

Vinod Nair, Head of Research at Geojit Investments Limited, commented, "The pause in strikes in West Asia has alleviated worries regarding rising import costs and inflation, leading to a relief rally in the markets. The significant drop in crude oil prices, coupled with a decrease in long-term bond yields, has fostered optimism for a sustainable resolution, supported by signs of long unwinding." Additionally, data indicated that Foreign Institutional Investors (FIIs) sold equities worth Rs 3,892.77 crore on Friday.

Gaurav Garg, an analyst at Lemonn Markets Desk, noted, "After five consecutive days of losses, the Indian stock market concluded positively, buoyed by widespread buying and improving global sentiment. Investor confidence was bolstered as easing tensions between Iran and the US led to lower crude oil prices, alleviating inflation concerns for India."