Mumbai, July 2: Indian equity markets ended higher as easing crude oil prices boosted investor sentiment and supported gains across key sectors.
The Sensex surged 579 points, while the Nifty index crossed the 24,175 mark, reflecting strong buying interest in auto, banking, and metal stocks. Market participants attributed the rally to softening global crude prices, which eased concerns over inflation and input costs.
Analysts said that lower oil prices improved overall risk appetite and strengthened expectations of stable macroeconomic conditions. Positive domestic cues, including strong sectoral performance, also contributed to the upward momentum.
Broader markets witnessed healthy participation, with mid-cap and small-cap stocks also trading in positive territory.
Experts noted that sustained trends in global commodity prices and upcoming economic data releases will continue to guide market direction in the coming sessions.