Markets Just Rallied for a 4th Straight Day. Oil Falling Is Doing the Heavy Lifting.

Sensex climbed 544 points to close at 78,639.03 yesterday, gaining for a fourth consecutive session, with Nifty up 1.60% to 24,774.30. The driver: a sharp decline in crude oil prices as geopolitical tensions continue easing, alongside renewed foreign fund inflows. This is the exact mirror image of the five-day losing streak we tracked a couple weeks back, driven by the same mechanism running in reverse. Rising oil pushed the market down for five sessions straight. Falling oil is now pushing it up for four. Same lever, opposite direction.

is worth watching here specifically, since as an oil producer it faces pressure from falling crude, even as the broader market benefits from the same trend. The stocks that struggled most during the spike, airlines, oil-import-heavy sectors, are typically the ones leading a recovery like this. The takeaway. Once you identify what's actually driving a multi-day move, that same driver usually tells you when and why it reverses. Worth watching whether this trend holds through the RBI's policy decision later this week too.