India’s BSE Sensex rose more than 1% to climb back above the 75,000 mark on Friday, rebounding from the previous session’s sharpest decline in nearly two years as easing oil prices lifted risk sentiment. Brent crude retreated to around $107 per barrel after spiking to $119 on Thursday amid attacks on energy infrastructure in the Middle East.
The pullback in crude followed steps by European countries and Japan to help secure shipping through the Strait of Hormuz, alongside US efforts to increase supply. US President Donald Trump also urged Israeli Prime Minister Benjamin Netanyahu to refrain from further strikes on Iranian energy facilities.
Technology stocks led the rally, with gains in Tata Consultancy Services (0.8%), Infosys (1.7%), HCL Technologies (2%), Tech Mahindra (3.1%), and Wipro (0.9%). Energy shares also outperformed, highlighted by a 2.7% rise in Bharat Petroleum. In contrast, heavyweight HDFC Bank extended its losing streak following the unexpected resignation of its part-time chairman, Atanu Chakraborty.
