Indian equity markets opened on a positive note on Thursday, with the Sensex climbing nearly 500 points and the Nifty trading in the green despite mixed global cues. The rebound came a day after benchmark indices witnessed a sharp sell-off amid escalating geopolitical tensions linked to Iran and rising crude oil prices.
Sensex and Nifty Recover After Previous Session’s Sell-Off
The domestic stock market began Thursday’s session with buying interest across key sectors. At the opening bell, the Sensex rose 183 points, while the Nifty advanced around 50 points. As trading progressed, the Sensex extended its gains to nearly 500 points, reflecting improved investor sentiment despite uncertainty in overseas markets.
On Wednesday, both benchmark indices had registered steep losses following renewed geopolitical tensions involving Iran.
Global Cues Continue to Influence Market Mood
Although Asian markets opened on a firmer footing, global signals remained mixed.
Experts noted that technology stocks supported sentiment across Asian markets, while higher crude oil prices continue to remain the biggest concern for Indian equities. Brent crude has climbed above $78 per barrel, increasing inflation concerns and reducing expectations of near-term monetary easing.
Overnight, the Dow Jones declined 1.09%, whereas gains in major semiconductor stocks helped the Nasdaq outperform.
Experts See Crude Oil as Key Risk Factor
Axis Direct View
According to Rajesh Palviya, Head of Research at Axis Direct, Wednesday’s sharp correction was triggered by rising crude prices and renewed geopolitical tensions after fresh US strikes on Iran.
He noted that the Nifty 50 dropped 516.65 points (2.12%) to close at 23,882.05, while the Sensex declined 2.15%. At the same time, India VIX surged nearly 26% to 14.68, indicating higher market volatility.
Technically, he said the market remains cautious below the 24,000–24,150 resistance zone. Immediate support is seen near 23,800, with a break below that level potentially extending losses toward 23,650.
InvestorAi Favors Healthcare Stocks
Market research platform InvestorAi believes healthcare remains one of the most defensive sectors amid rising crude prices.
Its preferred investment picks include:
- Samvardhana Motherson International
- Info Edge (Naukri)
- Aster DM Healthcare
- Sun Pharmaceutical Industries
- Dr. Reddy’s Laboratories
According to the analysis, healthcare companies with rupee-denominated revenues are better positioned to withstand crude-driven volatility.
Cryptocurrency Market Remains Volatile
Bitcoin continued trading near the $62,000 mark as geopolitical uncertainty and macroeconomic developments kept investors cautious.
Several market experts highlighted that ETF flows have shown signs of improvement, although institutional participation remains mixed.
Analysts from Giottus, CoinSwitch, Mudrex, Delta Exchange, Pi42, and WazirX said Bitcoin’s immediate support lies around $60,000–$62,000, while a sustained move above $65,000–$67,000 could strengthen the recovery outlook.
Market participants are also closely watching upcoming U.S. CPI data on July 14 and the Federal Reserve meeting scheduled for July 28–29, which could influence global risk sentiment.
Corporate Announcements in Focus
Olyv Launches New Marketing Campaign
Digital lending platform Olyv announced a new Out-of-Home (OOH) advertising campaign featuring its long-time brand ambassador Sourav Ganguly.
Commenting on the campaign, Ganguly said:
“This campaign highlights Olyv’s commitment towards democratising credit access, serving as a reassuring reminder that simple financial support should be for everyone and is always accessible, which I believe Olyv is doing brilliantly.”
The campaign began on July 1, 2026, and was timed ahead of Ganguly’s birthday on July 8.
Stanley Lifestyles Enters Sri Lanka
Luxury furniture manufacturer Stanley Lifestyles announced its expansion into Sri Lanka through a strategic partnership with Singer Sri Lanka PLC.
The company also inaugurated its flagship showroom, Stanley Boutique Homes, located at No. 24, Ward Place, Colombo 07, marking its official entry into the Sri Lankan market.
What Investors Should Watch Next
Market experts believe investors should closely monitor:
- Crude oil prices
- Developments in the Middle East
- Foreign Institutional Investor (FII) activity
- Corporate earnings
- Inflation data
- Global central bank policy decisions
Analysts also advise investors to avoid panic selling and instead focus on fundamentally strong companies for long-term investment.
Conclusion
Indian stock markets staged a recovery after Wednesday’s sharp decline, supported by buying interest despite mixed global signals. However, rising crude oil prices, geopolitical tensions, and upcoming macroeconomic events continue to pose risks, making global developments the key driver for market direction in the near term.
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