India, April 15 -- India's stock market is poised for a recovery today, tracking a relief rally across Asian markets as a retreat in crude oil prices provided a reprieve to the world's fastest-growing major economy.

The GIFT Nifty, an early indicator of the Nifty 50 Index's performance, rose 1.4% to 24,218.50 as of 8:36 am in GIFT City, suggesting the Sensex and Nifty will open with significant gains when trading begins at 9:15 am in Mumbai. The expected bounce follows a period of intense volatility triggered by geopolitical tensions in the Middle East that had pushed the Nifty below its 50-day moving average.

The primary catalyst for the morning's optimism is a sharp decline in energy costs. Brent crude, the global benchmark, fell 1.2%...