Stock markets rebound in early trade amid easing crude oil prices

Mumbai: Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday amid easing crude oil prices, although foreign investor selling remained a key headwind for domestic equities.

The 30-share BSE Sensex climbed 283.66 points to 74,812.74 in early trade. The 50-share NSE Nifty was up 85.55 points to 23,414.55.

The recovery was led by lower crude prices, which boosted investor sentiment as it eases concerns over inflation and import costs.

Oil-sensitive stocks and broader market indices saw buying interest after recent losses. Analysts said that while easing crude provided near-term support, sustained foreign institutional investor selling continues to cap upside.

Investors are also tracking global cues and upcoming corporate earnings for further direction.