20 April,2026 11:57 AM IST | Mumbai | mid-day online correspondent
Representational image. File pic
Amid the uncertain global situation, Indian benchmark indices Sensex and Nifty turned volatile on Monday after rising in early trade. Another reason for market indices remaining highly volatile on Monday was the rising crude oil prices and the disrupted global supply chain.
The 30-share BSE Sensex climbed 236.64 points to 78,730.18 in early trade. The 50-share NSE Nifty went up by 66.65 points to 24,420.20. Later, the BSE benchmark traded 27.41 points lower at 78,504.91, and the Nifty quoted 11.80 points down at 24,342.40.
From the 30-Sensex firms, Trent, State Bank of India, ICICI Bank, Asian Paints, Adani Ports and Axis Bank were the major winners. ICICI Bank traded nearly 2 per cent higher after the firm on Saturday reported a 9.28 per cent rise in its consolidated net profit to Rs 14,755 crore for the March quarter, helped by a nearly 90 per cent drop in provisioning.
Whereas HDFC Bank, Eternal, InterGlobe Aviation and Infosys were among the laggards.
On the other hand, Brent crude, the global oil benchmark, traded 5.57 per cent higher at USD 95.41 per barrel.
Earlier on Friday, US markets also ended significantly higher. Foreign Institutional Investors (FIIs) bought equities worth Rs 683.20 crore on Friday, according to exchange data.
Whereas the Indian indices jumped 504.86 points or 0.65 per cent to settle at 78,493.54 on Friday, April 17. The Nifty climbed 156.80 points or 0.65 per cent to end at 24,353.55
Expressing his views on the current market situation, Hariprasad K, Research Analyst and Founder, Livelong Wealth, said, "Over the weekend, conflicting developments emerged, particularly with reports indicating that the Strait of Hormuz had been closed again after briefly reopening on Friday. This reversal has already triggered a rebound in crude oil prices, reintroducing concerns around supply disruptions and inflation," as cited by PTI.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, further highlighted, "With the de-escalation-escalation drama in the West Asian conflict continuing, the market will remain volatile in the near term. With Iran hardening its position again, closing the Strait of Hormuz and threatening to retaliate to the US' seizure of an Iranian ship 'violating the US blockade', there is potential for a flare-up of the conflict when the ceasefire ends on 22nd April."
(With inputs from PTI)
