Positive impactStocks
Stock Markets Today: Sensex, Nifty Gain on IT Stocks' Rally
Rediff 1d ago·17 Jul 2026, 5:16 am
Originally published by Rediff. Read on Rediff →
Indian benchmark indices Sensex and Nifty surged in early trade, primarily fuelled by robust buying in IT stocks following Tech Mahindra's impressive 28.4 per cent rise in consolidated net profit for the June quarter, signalling strong sector confidence.
Sensex and Nifty50 Performance: Key Market Highlights Today
Benchmark indices Sensex and Nifty climbed in early trade on Friday, driven by buying in IT stocks after Tech Mahindra reported a 28.4 per cent rise in consolidated net profit for the June quarter.
After a subdued ending in the previous trade, the 30-share BSE Sensex jumped 480.95 points to 77,656.56 in early deals.
Winners and Losers on Dalal Street
From the Sensex pack, Tech Mahindra climbed 3 per cent after the IT company reported a 28.4 per cent rise in consolidated net profit for the June quarter at Rs 1,465 crore, and expressed confidence about the demand environment.
Infosys, Tata Consultancy Services, HCL Tech, Mahindra & Mahindra and Reliance Industries were also among the winners.
Sun Pharma, Bharti Airtel, Trent and UltraTech Cement were among the laggards.
The BSE IT index traded 1.25 per cent higher at 28,189.45.
Brent crude, the global oil benchmark, quoted 0.85 per cent higher at $84.95 per barrel.
In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted lower.
US markets ended in negative territory on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,205.56 crore on Thursday, according to exchange data.
Key takeaways
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
