Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, pared a significant amount of intraday gains as Brent crude extended gains amid stalled US-Iran talks and the UAE's exit from the Organization of Petroleum Exporting Countries (OPEC).
At the closing bell, the BSE Sensex closed higher by 609 points (up 0.7%)
Meanwhile, the NSE Nifty closed 181 points higher (up 0.7%)
ITC, Tech Mahindra, and Maruti Suzuki are among the top gainers today.
NTPC, Bajaj FinServ, and ICICI Bank, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,220, higher by 120 points at the time of writing.
The rupee is trading at Rs 94.8 against the US$.
Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 1,48,976 per 10 grams.
Meanwhile, silver prices were trading 0.8% lower at 2,40,800 per 1 kg.
4 reasons why India's share markets are rising:
#1 Value Buying
Investors bought stocks in sectors like auto, real estate, IT, and FMCG after the previous market fall. This usually happens when prices look more attractive after a decline. The earlier drop in the Sensex and Nifty created these buying opportunities.
#2 Decline in Crude Prices
Crude oil prices edged lower, which is positive for India as it imports most of its oil. Lower prices help reduce the country's import bill and ease pressure on the economy. They also cut costs for companies, especially in transport, aviation, and manufacturing.
#3 Firm Cues in Asian Markets
Asian markets traded higher, providing support to investor sentiment in India. Key indices in South Korea, China, and Hong Kong showed gains. Positive global trends often encourage local market participation.
#4 Strong Q4 Earnings
Some companies delivered encouraging Q4 updates, boosting market confidence. Maruti Suzuki's stock rose despite a drop in profit, supported by steady demand and volumes. The auto sector performed strongly and emerged as one of the top gainers.
Star Health and Allied Insurance Q4 FY26 Results
Shares of Star Health and Allied Insurance came into focus after the company reported its Q4 FY26 results.
For the year ended March 31, 2026, the company posted a gross written premium (GWP) of Rs 203.69 billion (bn), reflecting a 16% year-on-year increase.
Retail health premium came in at Rs 193.41 bn, marking a 20% rise over the previous year. The insurer retained its leadership in India's retail health insurance segment with a market share of 31% in FY26.
The combined ratio improved to 98.8% in FY26 from 101.1% in FY25. In Q4 FY26, the combined ratio stood at 95.7%, compared to 98.4% in the same quarter last year, indicating a lower loss ratio and stronger operating efficiency, as stated in the filing.
Star Health reported a profit after tax (PAT) of Rs 9.11 bn, registering a 16% year-on-year growth. This performance was driven by strong premium growth, better customer renewal rates, a moderation in the loss ratio, and improved operational efficiency.
Maruti Suzuki Q4 FY26 Results
Shares of Maruti Suzuki came into focus after the company reported its Q4 FY26 results.
During Q4 FY26, revenue from operations increased 28.9% year-on-year to Rs 500.79 bn, up from Rs 388.39 bn in Q4 FY25. Total sales grew 11.8% YoY to 676,209 units compared to 604,635 units in the same period last year.
The automaker's EBITDA rose 27.1% YoY to Rs 61.57 bn from Rs 48.43 bn. However, profit after tax (PAT) declined 6.9% YoY to Rs 35.91 bn from Rs 38.57 bn.
For the full year FY26, PAT edged up 1% YoY to Rs 144.45 bn from Rs 142.98 bn in FY25. The company also announced a final dividend of Rs 140 per share for FY26.
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