Indian Shares Rebound on Value Buying as Oil Prices Ease

Indian equities rebounded on June 2, 2026, as investors bought beaten-down stocks and easing crude oil prices improved the outlook for the world’s third-largest oil importer. The BSE Sensex closed 1.2% higher at 79,815, while the Nifty 50 added 1.1% to 24,200, snapping a three-session decline. Value buying drove gains in banking, financials, and energy shares that had been battered in recent weeks. Brent crude futures dropped 2.3% to $78.40 a barrel after signals that OPEC+ may accelerate planned supply increases. Lower oil costs reduce India’s import bill and inflation risks, lifting market sentiment. Reliance Industries, ICICI Bank, and Adani Group stocks led the recovery.