Stock Market Ends 8-Week Losing Streak on Oil Price Relief

After eight weeks of consecutive losses, Indian equities staged a sharp recovery, with the BSE Sensex recording a notable gain. The rebound was primarily driven by easing crude oil prices, which retreated from recent highs, reducing inflationary pressure on the market.

Despite the positive momentum, foreign portfolio investors continued their selling spree, though local institutional investors provided substantial support through active buying. Their intervention helped sustain the market's upward trajectory during the session.

While the recovery marks an end to a prolonged losing run, analysts remain cautious about the broader outlook. The dependence on falling oil prices and domestic institutional support suggests the rally may face headwinds if either factor weakens.