The Nifty50 rose 6.45 points (0.03%) to 23,649.95, while the Sensex gained 77.05 points (0.10%) to settle at 75,315.04.
Broader markets were mixed, with Nifty MidCap down 0.15% and Nifty SmallCap down 1.26%.
Impact On The Stock Market
Sector rotation was evident as investors favoured export-linked and defensive sectors.
Top Gainers
- Nifty IT surged over 2% as expectations of earnings growth and benefits from a weaker rupee supported stocks.
- Nifty Pharma and Nifty Healthcare also outperformed, reflecting defensive buying.
Top Losers
- Nifty Consumer Durables saw the sharpest decline.
- Nifty PSU Bank and financial services indices underperformed due to currency and macro pressures.
Overall, investors rotated selectively into sectors with higher dollar revenue exposure or defensive business models.
| Sector/Index | Performance |
| IT & BPM sector | 3.23% |
| Healthcare sector | 0.28% |
| Oil & Gas sector | 0.16% |
| Real estate sector | 1.43% |
| PSU Bank in India | 0.81% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Infosys | 1,196.90 | 4.76 |
| HCL Tech | 1,179.40 | 2.86 |
| Tech Mahindra | 1,467.10 | 2.59 |
| Eternal | 247.21 | 2.41 |
| TMPV | 361.20 | 2.28 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Kotak Mahindra | 381.95 | -2.51 |
| UltraTechCement | 11,368.00 | -1.67 |
| TATA Cons. Prod | 1,210.90 | -1.63 |
| Titan Company | 4,102.00 | -1.62 |
| Adani Ports | 1,762.80 | -1.39 |
Market aftermath: Impact on stocks
IT Stocks Lead Recovery
IT stocks extended gains as the Nifty IT index rose over 2%, supported by expectations of improved earnings from companies with significant US dollar revenue. , , and were among the top performers.
The rupee’s depreciation added to optimism, as a weaker currency boosts earnings for export-focused IT companies. The rally demonstrates that investors continue to favour sectors with predictable foreign revenue streams.
Tata Steel Faces Pressure
fell more than 3% after reporting quarterly earnings below analyst estimates. Rising input costs, including coking coal, and restructuring charges in its Netherlands operations weighed on profitability.
Despite domestic steel prices recovering, investor sentiment remained cautious due to margin pressure and operational uncertainties overseas. This shows that commodity-linked companies are highly sensitive to both macroeconomic factors and global geopolitical developments.
Gland Pharma Surges
surged nearly 15% to hit a 52-week high following strong Q4 earnings. Profit jumped 96.5% to ₹367 crore, while revenue rose 22.3% to ₹1,743 crore, supported by margin expansion and cost optimisation measures.
Capacity expansion and growth in contract manufacturing further strengthened investor confidence. This reflects continued demand for pharma stocks even when broader markets remain cautious.
Crude Oil
Crude oil futures declined after US President Donald Trump called off a proposed strike on Iran, easing immediate geopolitical fears. Brent futures fell 0.45% to $110.48, and WTI declined 0.46% to $103.53.
Despite the temporary relief, ongoing supply disruptions in the Strait of Hormuz and a waiver extension for Russian oil sales continued to keep markets sensitive to energy price volatility. Rising crude prices remain a major risk for India, affecting inflation, fuel costs, corporate margins, and the rupee.
Conclusion
Today’s session showed a mix of resilience and caution. While IT, pharma, and healthcare stocks supported benchmark indices, banks, metals, and consumer durables lagged. Strong corporate earnings from Gland Pharma and sector-specific gains in IT provided some optimism.
However, geopolitical developments in West Asia and crude oil volatility continue to pose risks. Investors are likely to remain selective, favouring defensive or export-linked sectors while monitoring global developments closely.
