Market Close Report, July 27, 2026: Markets Snap Five-Day Losing Streak As Stocks Rebound On Results, Oil Crash

Mumbai, July 27: Indian equity benchmarks snapped a five-session losing streak on Monday, with the Sensex surging 776 points and the Nifty 50 ending just below the psychologically important 24,000 mark as easing geopolitical tensions, falling crude oil prices, encouraging results and broad-based buying lifted investor sentiment. The recovery was supported by gains across sectors, with media, information technology, realty, auto and pharmaceutical stocks leading the advance. The broader market also participated in the rally, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining 1% and 1.3%, respectively. 

Sensex Gains 776 Points, Nifty Ends Near 24,000 

The Sensex climbed 776.01 points, or 1.02%, to close at 76,835.78, while the Nifty 50 advanced 228.50 points, or 0.96%, to end at 23,995.95. 

The rebound came after both benchmarks fell in each of the five trading sessions last week, Nifty losing 2.3% and Sensex 2.7%, as elevated crude prices, geopolitical uncertainty and weakness in select heavyweight stocks weighed on sentiment. 

Market breadth was positive on Monday, with 2,646 shares advancing against 1,530 declines, while 176 stocks remained unchanged. 

Media, IT Stocks Lead Sectoral Rally 

The Nifty Media index emerged as the top-performing sectoral index, rising 2.4%, followed by the Nifty IT index, which gained 2.3%. The Nifty Realty index advanced 2.2%, while the Nifty Auto and Nifty Pharma indices climbed 1.6% and 1.5%, respectively. 

Among other sectors, the Nifty FMCG index gained 1%, while the Nifty Bank rose 0.7%. The Nifty Infrastructure index advanced 0.66%, while the Nifty Metal index added 0.6%. 

The Nifty Consumer Durables index rose 0.45%, while the Nifty Private Bank and Nifty PSU Bank indices gained 0.42% and 0.22%, respectively. 

The broad-based nature of the recovery indicated a marked improvement in risk appetite after the market’s recent selloff, with buying extending beyond large-cap stocks into mid- and small-cap counters. 

Eternal, InterGlobe Aviation Among Top Gainers 

Eternal emerged as the biggest Nifty gainer on Monday, followed by InterGlobe Aviation, Infosys, Bajaj Finance and Shriram Finance. The gains in heavyweight IT stocks, particularly Infosys, also helped lift the benchmark indices. 

On the other hand, ONGC was the biggest Nifty loser. Cipla and Dr Reddy’s Laboratories were among the other stocks that ended lower.  

Tata Consumer Products and state-run power producer NTPC gained 1.8% and 1%, respectively, following their quarterly earnings announcements. Banking and financial stocks also saw strong buying, with IDFC First Bank and AU Small Finance Bank surging 5.1% and 4.8%, respectively, after reporting robust quarterly performances. SBI Card advanced 4.2% after the credit-card issuer posted a year-on-year rise in quarterly profit. 

The mixed performance of individual stocks reflected the stock-specific nature of trading as investors continued to assess corporate earnings and developments across sectors.  

Broader Markets Join Benchmark Rally 

The broader markets also ended firmly higher, broadly tracking the gains in the benchmark indices. The Nifty Midcap 100 rose 1%, while the Nifty Smallcap 100 advanced 1.3%. 

The stronger performance of mid- and small-cap stocks pointed to an improvement in broader market sentiment, with investors showing greater appetite for risk after the sharp losses recorded during the previous week. 

The positive market breadth further reinforced the strength of Monday’s rebound, with substantially more stocks advancing than declining across the exchanges. 

Oil Prices, Global Cues In Focus 

The market recovery also came amid a sharp decline in crude oil prices after the United States paused strikes against Iran, raising hopes of a possible de-escalation in the Middle East conflict. Lower oil prices are viewed positively for India, which relies heavily on imports to meet its energy requirements, as they can help ease pressure on inflation, the rupee and the country’s import bill. 

Investors, however, are likely to remain cautious about the sustainability of the recovery, with developments in the Middle East and the direction of crude prices continuing to influence global risk appetite. 

For now, the combination of easing geopolitical concerns, softer oil prices and broad-based buying helped Indian equities break their five-day losing streak. The Nifty’s close just below 24,000 will put the focus on whether the benchmark can sustain its rebound in the coming sessions, while investors will also track the ongoing earnings season for further cues. 

Source

• NSE
• BSE