Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmark indices, Sensex and Nifty50, reversed a four-day declining streak as realty, private bank, and IT shares supported.
At the closing bell, the BSE Sensex closed 628 points higher (up 0.8%)
Meanwhile, the NSE Nifty closed 153 points higher (up 0.6%)
ITC, Eternal, Kotak Mahindra are the top gainers today.
Tata Steel, HCL Tech, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,292, 202 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.5% higher, and the BSE 250 SmallCap index is trading 0.4% higher.
The rupee is trading at Rs 95.7 against the US$.
Gold prices for the latest contract on MCX are trading 0.04% higher at Rs 1,58,067 per 10 grams.
Meanwhile, silver prices were trading 0.8% higher at 2,38,763 per 1 kg.
6 reasons why Indian share markets are rising:
#1 Firm Global Cues
Asian markets opened higher, with South Korea's Kospi leading gains, while Japan, Shanghai and Hong Kong markets also traded in positive territory. US markets also ended higher on Wednesday, improving overall investor sentiment.
#2 Decline in US Bond Yields
US bond yields fell after the Treasury announced plans to increase its buyback of long-term debt. Lower yields can make equities more attractive and may also encourage foreign investors to invest in emerging markets such as India.
#3 FII Buying
Foreign institutional investors (FIIs) turned net buyers for the second straight session, purchasing Indian equities worth Rs 407 crore on August 19. Continued FII buying provided support to the market and helped improve investor sentiment.
#4 Rupee Rises
The Indian rupee gained 17 paise to 95.56 against the US dollar as the dollar weakened. A stronger rupee can also support market sentiment by easing concerns around imported costs and foreign fund flows.
#5 Buying in IT Shares
IT stocks gained 1.4%, extending their rise to 2% over the past two sessions. The recovery in IT shares helped support the benchmark indices after the sector had faced losses in the previous sessions.
#6 Value Buying
Investors stepped in to buy stocks at lower levels after the recent market decline. The buying helped the Nifty recover after it had fallen for seven consecutive sessions, its longest losing streak in 11 months.
Xtranet Technologies Q1 Results
Xtranet Technologies reported a 74.43% year-on-year increase in net profit to Rs 0.61 bn in the quarter ended June 2026, compared with Rs 0.35 bn in the corresponding quarter ended June 2025.
Sales rose 10.51% year-on-year to Rs 5.05 bn in the June 2026 quarter, from Rs 4.57 bn in the same quarter a year earlier.
XtraNet Technologies Limited is an Indian IT solutions and digital transformation company founded in 2002. Headquartered in Bhopal, Madhya Pradesh, it provides enterprise applications, system integration, data center operations, managed services, and AI-driven low-code platforms for government and enterprise clients.
Lohia Corp Q1 Results
Lohia Corp reported a 292% year-on-year (YoY) increase in consolidated net profit to Rs 0.66 bn in Q1 FY27, compared with Rs 0.17 bn in the corresponding quarter of the previous year.
Revenue from operations rose 60% YoY to Rs 5.03 bn during the quarter, compared with the year-ago period.
Total expenses increased 42% YoY to Rs 4.18 bn in Q1 FY27, primarily driven by a 65.5% rise in raw material costs, a 12.7% increase in employee expenses and a 31.1% rise in other expenses.
Profit before tax (PBT) surged 289% YoY to Rs 0.91 bn, compared with Rs 0.24 bn in Q1 FY26. Total tax outgo increased 278.8% YoY to Rs 0.25 bn during the June 2026 quarter.
Lohia Corp, part of the Lohia Group, manufactures a range of machinery used to produce high-density polyethylene (HDPE) and polypropylene (PP) bags. Its product portfolio includes extrusion lines, winders, circular looms, processing machines, conversion machines and other related equipment.
Comments
Log in or sign up to join the conversation.