Indian equity markets ended with mild gains in morning trade, supported by easing crude oil prices and strong buying interest in IT stocks. Positive global cues and expectations of extended geopolitical stability between the US and Iran further strengthened investor sentiment.
The benchmark indices moved higher, with the S&P BSE Sensex rising 133.54 points (0.18%) to 76,000.28, while the Nifty 50 gained 26.70 points (0.11%) to 23,933.85, trading above the 23,900 mark.
Broader Market Performance Mixed
In broader markets, performance was uneven. The BSE MidCap index slipped 0.09%, while the BSE SmallCap index advanced 0.55%, indicating selective buying in smaller companies.
Market breadth remained positive overall, with 2,068 stocks advancing, 1,700 declining, and 256 remaining unchanged on the BSE.
Crude Oil Eases, Supports Sentiment
Commodity markets also influenced trading sentiment. Brent crude for July 2026 delivery declined by $1.02 (1.09%) to $92.69 per barrel, providing relief to inflation and input cost concerns.
IT Stocks Lead the Rally
The Nifty IT index surged 2.71% to 29,690.95, recovering from the previous session’s decline. Major IT companies saw strong buying interest, including:
- Infosys (+4.21%)
- LTIMindtree (+3.41%)
- Coforge (+3.24%)
- Persistent Systems (+2.68%)
- Wipro (+2.57%)
- Mphasis (+2.39%)
- HCL Technologies (+2.19%)
- TCS (+2.08%)
- Tech Mahindra (+1.5%)
- Oracle Financial Services Software (+1.25%)
Stocks in Focus
Several mid- and small-cap stocks witnessed sharp movements based on quarterly earnings:
- Vadilal Industries jumped 10.16% after reporting a 149% surge in net profit and 51% revenue growth in Q4 FY26.
- Hikal declined 8.51% as net profit fell 71.33% year-on-year with weaker revenue performance.
- Bata India dropped 2.75% following a sharp 95.2% fall in quarterly profit despite revenue growth.
Market Outlook
Overall sentiment remained cautiously positive, driven by IT sector strength and easing crude oil prices. However, mixed earnings results kept volatility in select counters.