FX.co ★ Indian Stocks Rebound

India’s BSE Sensex climbed about 0.5% to 77,177 in early trade on Monday, rebounding from the previous session’s losses as softer crude oil prices and improving global risk sentiment lifted investor appetite. Confidence was bolstered by reports that US-Iran negotiations had advanced toward a possible final agreement within 60 days, easing worries that had escalated after President Donald Trump threatened new strikes on Iran. Sentiment was further supported by news that three Indian oil tankers, carrying more than 860,000 metric tons of crude, had safely transited the Strait of Hormuz, a chokepoint that handles roughly 20% of global oil shipments.

On the stock front, Bharat Forge rose after winning a ₹4.25 billion contract from the Defence Ministry to supply gas turbine generators to the Indian Navy. Kirloskar Oil Engines surged 20% on securing a major order from HyperNext for data center infrastructure. Other prominent gainers included Aegis Logistics (up 6.3%), Shipping Corporation of India – SCI (4.1%), New India Assurance Company – NIACL (3.2%), Garden Reach Shipbuilders (3.2%), HFCL (2.8%), and Reliance Industries (2.3%).