₹15.8 Lakh Crore Added in Two Days as Markets Cheer Cooling Oil Prices

India’s equity markets staged a sharp rebound over the past two trading sessions, with investors adding nearly ₹15.80 lakh crore in wealth, driven by easing geopolitical tensions and a steep fall in crude oil prices. The recovery follows a volatile start to the week, when fears surrounding the West Asia conflict had triggered heavy selling across global markets.

The benchmark BSE Sensex surged 2,577 points (3.54%) over two days, including a 1,205-point jump on Wednesday to settle at 75,273.45 . The broader Nifty 50 also rallied strongly, crossing the 23,300 mark , signalling a broad-based recovery. The market capitalisation of BSE-listed firms climbed to approximately ₹431 lakh crore (USD 4.59 trillion) .

The rally was largely fuelled by a sharp correction in crude oil prices , with Brent crude falling over 6% to below $100 per barrel . This decline came amid growing optimism over a possible de-escalation in the US–Iran conflict , easing concerns about supply disruptions through key routes like the Strait of Hormuz. For India, a major oil importer, softer crude prices help reduce inflation, ease fiscal pressure, and improve corporate margins , thereby boosting equities.

Markets also drew strength from positive global cues, as Asian and European indices traded higher, reinforcing a risk-on sentiment . The rally was broad-based, with strong participation across sectors. The BSE MidCap index rose 2.50% and the SmallCap index gained 3.05% , indicating increased investor appetite beyond frontline stocks.

Among Sensex constituents, UltraTech Cement, Bajaj Finance, Larsen & Toubro, Titan, InterGlobe Aviation, and Trent emerged as top gainers, driven by buying in infrastructure, financials, and consumption-linked stocks. On the other hand, Tech Mahindra, Power Grid, Tata Consultancy Services, and Bharat Electronics were among the laggards.

Despite the strong rebound, analysts caution that the rally is largely event-driven , hinging on global developments rather than domestic fundamentals. As markets head into the weekend, investors remain cautiously optimistic but alert to risks. Any progress in diplomatic efforts could sustain momentum, while fresh escalation in tensions or a spike in oil prices may trigger renewed volatility.

For now, the direction of Indian markets remains closely tied to geopolitical signals and crude oil movements , making the current optimism both promising and fragile.