India's stock benchmarks log longest winning run in 2 months as oil prices ease

India’s stock benchmarks log their longest winning run in two months as easier oil costs support equities, extending gains for a fourth straight session on Wednesday. The Nifty 50 rose 0.4% to 24,085.70, while the BSE Sensex climbed 0.45% to 77,155.62. Over the four-session stretch, both indexes advanced roughly 4% and 4.5%, respectively, as 10 of 16 major sectors ended higher and small- and mid-cap gauges added 0.8% and 0.5%. The move coincided with crude easing: Brent futures hovered near $79 a barrel after falling 5.1% to near three-month lows. Investors also tracked expectations of U.S. sanctions waivers on Iranian oil under a U.S.-Iran deal. IT stocks rose 0.9% ahead of the Federal Reserve decision. Dixon Tech gained 4.9% after J.P. Morgan reiterated “overweight.”