Sensex settles 400 pts higher from day’s low, Nifty near 22,500: Decline in crude prices among key factors behind market rise. BSE Sensex slipped 13 points to settle at 74,102, while the broader NSE Nifty gained 38 points to end at 22,498. FII Selling Slows Down: Foreign institutional investors (FIIs) continued to offload shares but at a slower pace. On Monday, FIIs sold equities worth Rs 485.41 crore. The fall in crude oil prices is a key positive for Indian equities, as lower oil costs input expenses for oil-dependent sectors. The Sensex and Nifty rebounded in the later half of the session to close near the day’s high. The indices saw sharp swings, with the Nifty reversing from support around 22,300 to inch closer to the 22, 500 mark. The index closed above the 50-EMA on the hourly chart, indicating strength. In the near term, N50 could test 22,660–22,700, with a potential upside towards 23,000 if it crosses 22,700.