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Infosys shares remained under pressure, falling to around $10.57 after a prolonged downtrend. Weak investor sentiment, global IT spending concerns and sector-wide selling continued weighing on the stock.
Reliance Industries shares traded near Rs. 1,337 after a volatile year. The stock recovered from June lows, while investors tracked Jio IPO developments, AI expansion plans and broader market sentiment.
Kirloskar Oil Engines, Sahara Maritime, and NOCIL led stock gainers with gains of nearly 20%, while Aureate Trade, Varyaa Creations, and Amanaya Ventures emerged as the biggest losers amid sharp market-specific movements.
USD/INR slipped 1.81% to 94.45, while crude oil, gold and copper declined. Natural gas gained 1.45%, reflecting mixed trends in commodity markets.
Nifty 50 rose 0.58% to 24,152.10, while Sensex gained 0.66%. Positive global cues and buying in heavyweight stocks supported market sentiment.
Indian equity benchmarks are likely to open on a positive note on Monday as investor sentiment improves following signs of progress in US-Iran peace talks and a decline in crude oil prices. Lower oil prices have eased concerns over inflation and India’s import bill, providing support to domestic equities. Global cues remain largely favorable, while foreign investor inflows and optimism around major corporate developments, including Reliance Industries’ growth plans and the upcoming Jio Platforms IPO, are expected to keep market participants engaged during the session.
