Stock market today (October 12): Sensex, Nifty trade higher; oil prices in focus: news
12-10-2026
Stock Market Today (October 12): Sensex, Nifty Trade Higher as Oil Prices Ease
Indian equity benchmark indices opened in positive territory on Monday, October 12, extending momentum from the previous session as softening international crude oil prices and a stabilizing domestic currency lifted investor sentiment.
Investing.comKey Market Movements at a Glance
BSE Sensex: The 30-share benchmark rallied over 175 points to trade near 72,627 in early deals.
The HinduNSE Nifty 50: The broader index gained around 76 points, trading firmly above the 22,590 level.
The HinduTop Gainers: Early trade leaders included Bharat Electronics, Mahindra & Mahindra, Bajaj Finance, Trent, Tata Steel, and NTPC.
The HinduLaggards: Counters seeing modest profit-taking included Tech Mahindra, Bharti Airtel, ITC, and Axis Bank.
The New Indian Express
Crude Oil Prices in Focus
Global energy prices remain the primary driver for domestic market sentiment:
Brent Crude: Dropped by over 1.4% to hover near $103 per barrel.
The New Indian ExpressWTI Crude: Slid nearly 1.8% to trade around $90.20 per barrel.
Investing.com
Because India imports the majority of its crude requirements, cooling oil prices help reduce import bills, ease imported inflation risks, and offer strong support to energy-sensitive sectors, transportation, and consumer goods.
Investing.comRupee and Global Market Cues
Rupee Rebound: The Indian Rupee strengthened against the US Dollar to trade around 96.10, relieving pressure on foreign exchange reserves.
Investing.comInstitutional Activity: Domestic Institutional Investors (DIIs) provided strong countervailing support to offset recent foreign institutional selling.
Global Sentiments: Wall Street closed higher late last week, though Asian markets showed mixed performances as traders balanced geopolitical headlines against the start of the corporate earnings season.
The Sunday Guardian