Stock markets open higher as crude oil prices drop

admin — Wed, 26 Aug 2026 04:44:00 +0000

Image used for representational purposes only.
| Photo Credit: Reuters

Market benchmark indices Sensex and Nifty were trading higher in early trade on Wednesday (August 26, 2026), in tandem with a positive trend in global equities, amid a sharp decline in crude oil prices.

Foreign fund inflows also added to the positive trend in the domestic markets.

The 30-share BSE Sensex climbed 285 points to 77,944.02 in early trade. The 50-share NSE Nifty was up 23.25 points to 24,356.10.

Among the 30 Sensex firms, ICICI Bank, State Bank of India, Kotak Mahindra Bank, Eternal, Bajaj Finserv and Asian Paints were among the major winners.

Infosys, Bharti Airtel, Larsen & Toubro and Bharat Electronics were among the laggards.

Brent crude, the global oil benchmark, traded 2.66% lower at $86.22 per barrel.

“Crude oil has emerged as the key positive catalyst. WTI has fallen more than 6 per cent over the past two sessions to trade in the $80–81-per-barrel range. For domestic markets, the retreat in oil prices provides a meaningful near-term tailwind after crude-driven inflation worries dominated sentiment over the past several weeks,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

While tensions between the U.S. and Iran remain elevated, recent developments surrounding discussions involving Iran and Oman over the Strait of Hormuz have raised cautious optimism that supply-disruption risks could ease, he added.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index quoted higher.

U.S. markets ended in positive territory on Tuesday (August 25, 2026).

“The most significant development for domestic markets is the continued decline in crude oil prices. Brent crude has eased to around $85.5 per barrel, extending its retreat from last week’s peak near $94, as concerns over supply disruptions continue to recede,” Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.

Wall Street ended higher overnight as lower energy prices and easing treasury yields lifted risk appetite, he added.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,593.53 crore on Tuesday (August 25), according to exchange data.

On Tuesday (August 25), the Sensex bounced back during the fag-end of trading and was up 286.98 points, or 0.37%, to settle at 77,656.09. Similarly, the Nifty ended higher by 115.50 points, or 0.48%, at 24,334.55 on fag-end buying.

Published – August 26, 2026 10:14 am IST

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SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

admin — Mon, 03 Jun 2024 12:11:22 +0000

State Bank of India (SBI)‘s market capitalisation crossed the ₹8 lakh crore mark on June 3. File
| Photo Credit: Reuters

The market capitalisation of the State Bank of India (SBI) crossed the ₹8 lakh crore mark on June 3 after the bank’s shares surged to a record high of ₹907.

SBI is now the third-largest bank in India by market cap, very close to ICICI Bank which is second largest. The bank’s market cap milestone was reached as shares rose over 9% during a rally in the stock market, hitting an all-time high of ₹909. Notably, SBI’s shares have increased by more than 50% in the last six months.

Finance Minister Nirmala Sitharaman has recently posted on social media that India’s banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. She also emphasized that the government will take decisive steps to further strengthen the banking sector.

Insolvency and Bankruptcy Code introduced by the government has improved the financial conditions of Indian banks, with a recovery of ₹10 lakh crore of bad loans. “Between 2014 and 2023, banks recovered more than ₹10 lakh crores from bad loans,” she said.

The Nifty Bank index also surged to a record high on June 3, crossing the 50,000 mark for the first time. The Nifty index touched a new high of 50,990, with all banking stocks in the index trading with gains at the time of filing this report.

In the recently released quarterly results, the State Bank of India has reported a standalone net profit of ₹20,698.35 crore, which was 24% year-on-year (Y-o-Y), on the back of higher interest income and low provisions. State Bank of India has reported a 15.24% year-over-year (YoY) credit growth at the end of March 2024.

Domestic advances have grown by 16.26% and corporate advances and agriculture advances grow by ₹11 lakh crore and ₹3 lakh crore, respectively (YoY). Foreign Offices’ advances grew by 9.47%, while retail personal advances and corporate loans registered YoY growth of 14.68% and 16.17%, respectively (YoY).

Whole Bank Deposits grew at 11.13%(YoY), out of which CASA Deposit grew by 4.25% (YoY). CASA ratio stands at 41.11% as of 31st March 2024.

The impressive performance of SBI and the overall banking sector highlights the investor confidence and the positive outlook for India’s banking sector. The recovery of bad loans and the government’s supportive measures have played crucial roles in strengthening the financial stability of banks, contributing to their recent achievements in market capitalization and net profit.

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nifty index – Artifex.News

Stock markets open higher as crude oil prices drop

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore