Stock Markets Edged Higher in Early Trade Amid Lower Crude Oil Prices, Buying in Reliance Industries
Brent crude fell 0.13% to $79.35 a barrel as buying in Reliance and other index heavyweights lifted early market sentiment.
- On Thursday, August 6, 2026, the BSE Sensex and NSE Nifty opened higher, gaining 0.25 per cent and 0.04 per cent respectively, driven by buying in Reliance Industries and lower Brent crude prices trading 0.13% down at $79.35 per barrel.
- The Reserve Bank of India maintained the policy repo rate at 5.25% on Wednesday, August 5, 2026, with Governor Sanjay Malhotra retaining a "neutral" stance while raising the GDP forecast to 6.7% and lowering inflation projections to 5%.
- Early market breadth remained positive with 1,350 stocks advancing against 884 declining on the NSE; HCL Tech led gainers, rising 1.37 per cent, while Power Grid fell over 1.58 per cent as the top loser.
- Foreign Institutional Investors offloaded 943.42 crore in equities on Wednesday, while Domestic Institutional Investors bought 2,883.17 crore; markets in Japan and South Korea traded lower amid mixed global cues.
- Hitesh Tailor, Technical Research Analyst at Choice Broking Private Limited, described the near-term outlook as "cautiously positive," expecting domestic resilience and stock-specific action to sustain momentum despite potential global volatility.
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13 Articles
Stock Markets Today: Sensex, Nifty gain as RBI holds rates, crude oil dips
Indian benchmark indices, Sensex and Nifty, saw early gains driven by lower crude oil prices and buying in Reliance Industries, even as the Reserve Bank of India maintained its benchmark policy rate for the fourth consecutive meeting, reinforcing confidence in the domestic economy.
Indian Markets Open Flat Amid Easing Oil Prices; Sensex Opens 201 Points Higher, Nifty Holds Above 24,600
Get latest articles and stories on Business at LatestLY. Indian benchmark indices opened on a flattish note on Thursday, adjusting for the previous session's closing auction movement, as easing crude oil prices and improving geopolitical sentiment supported investor confidence. Business News | Indian Markets Open Flat Amid Easing Oil Prices; Sensex Opens 201 Points Higher, Nifty Holds Above 24,600.
Sensex, Nifty edge up after RBI pause as crude oil prices soften
Benchmark indices opened slightly higher after the RBI kept interest rates unchanged and crude prices eased. Lower oil prices and policy stability supported sentiment, though investors remained selective across sectors.
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