Indian Markets Rise as Oil Prices Drop and RBI Steps In to Stabilize Rupee

Indian shares open higher after 25-year losing streak, fueled by falling oil prices and central bank support.

October 12, 2026 One Min Read

POLICY WIRE — New Delhi, India — Indian stock indices opened on a positive note Monday, ending their longest weekly losing streak in 25 years, following a drop in global oil prices and the Reserve Bank of India’s efforts to stabilize the rupee.

The benchmark Sensex and Nifty saw gains as crude oil prices declined, easing pressure on energy and transport sectors. The RBI’s recent actions to support the rupee also contributed to market optimism ahead of an upcoming monetary policy announcement.

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Banking stocks led the rally, with strong earnings from major institutions like Axis Bank and Kotak Mahindra Bank boosting investor confidence. Meanwhile, mid- and small-cap shares outperformed key indices, showing broad-based strength across the market.

Reporting by Policy-Wire (PW)

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