The Nifty50 edged up 6.45 points (0.03%) to close at 23,649.95, while the Sensex gained 77.05 points (0.10%) to settle at 75,315.04.
Broader markets, however, remained under pressure:
Nifty MidCap declined 0.15%
Nifty SmallCap fell 1.26%
The recovery in benchmark indices mainly came from strong buying in IT stocks, while weakness in consumer durable and PSU banking stocks kept overall sentiment cautious.
Impact On The Stock Market
Sector-wise, IT stocks emerged as the clear outperformers during the session.
Top Gainers
- Nifty IT surged over 2%, leading gains across sectors.
- Nifty Pharma and Nifty Healthcare also witnessed strong buying interest as investors shifted towards defensive sectors.
Top Losers
- Nifty Consumer Durables witnessed the sharpest decline.
- Nifty PSU Bank also remained under pressure amid cautious broader market sentiment.
| Sector/Index | Performance |
| IT & BPM sector | 2.43% |
| Healthcare sector | 0.22% |
| Oil & Gas sector | (-0.78% |
| Real estate sector | -0.58% |
| PSU Bank in India | -1.92% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Tech Mahindra | 1,430.00 | 4.34 |
| Infosys | 1,142.50 | 2.10 |
| Bharti Airtel | 1,938.10 | 1.72 |
| Sun Pharma | 1,905.80 | 1.47 |
| Bajaj Finserv | 1,753.10 | 1.45 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Tata Steel | 209.71 | -3.29 |
| Power Grid Corp | 296.55 | -3.04 |
| SBI | 939.40 | -2.47 |
| NTPC | 388.30 | -1.89 |
| Bajaj Auto | 10,198.50 | -1.87 |
Market aftermath: Impact on stocks
IT Stocks Rally as Weak Rupee Supports Earnings Outlook
Indian IT stocks extended gains for the second consecutive session as the rupee weakened to a fresh record low against the US dollar. The Nifty IT index gained nearly 4% over two trading sessions, with stocks like Persistent Systems, Coforge, Wipro and HCL Technologies rising sharply. Investors expect a weaker rupee to benefit Indian IT companies because a large portion of their revenue comes from US-based clients.
The rebound also comes after a sharp correction in the sector due to concerns around AI disruption and slowing global technology spending.
Tata Steel Falls After Missing Profit Estimates
Tata Steel declined more than 3% after reporting quarterly earnings below analyst expectations. Although the company’s net profit more than doubled year-on-year to ₹2,926 crore, it still missed market estimates due to higher raw material costs and one-time restructuring charges linked to its Netherlands operations.
Rising coking coal prices, driven by ongoing gas shortages and geopolitical tensions, also pressured margins. Brokerages remained cautious about profitability and operational uncertainty in the European business.
Gland Pharma Hits 52-Week High on Strong Results
Gland Pharma surged nearly 15% and touched a fresh 52-week high after reporting a strong set of Q4 earnings. The company posted a 96.5% jump in profit to ₹367 crore, while revenue rose 22.3% to ₹1,743 crore. Improved margins, new product launches, capacity expansion and stronger contract manufacturing business supported the performance.
The company also announced a final dividend of ₹20 per share, further boosting investor sentiment around the stock.
Crude Oil
Crude oil prices surged after reports of drone strikes in the Gulf region intensified geopolitical tensions in West Asia. Brent crude climbed above $111 per barrel, while WTI crude crossed $103, as markets reacted to attacks near the UAE and Saudi Arabia along with fresh warnings from US President Donald Trump towards Iran.
Although some shipping activity has resumed through the Strait of Hormuz, supply disruptions and uncertainty around global energy flows continue to keep oil prices elevated. For India, rising crude oil prices remain a major concern because they can increase inflation, raise transportation costs, pressure corporate margins and weaken the rupee further.
Conclusion
Today’s market session highlighted the contrast between sector-specific strength and broader global uncertainty. While IT and pharma stocks supported benchmark indices, weakness in broader markets reflected continued investor caution around rising crude oil prices and escalating tensions in West Asia.
Stocks like Gland Pharma delivered strong earnings-driven rallies, while companies facing margin pressure, such as Tata Steel, remained under stress. Going forward, crude oil prices, rupee movement and geopolitical developments will continue to play a major role in shaping market sentiment.
