Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, ended near day's high as investors' sentiment improved after reports said that Iran approached the US with a proposal to reopen the Strait of Hormuz.
At the closing bell, the BSE Sensex closed higher by 639 points (up 0.8%)
Meanwhile, the NSE Nifty closed 194 points higher (up 0.8%)
Sun Pharma, TCS, and HCL Tech are among the top gainers today.
Axis Bank, Trent, and ICICI Bank, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,125, higher by 171 points at the time of writing.
The BSE 150 Midcap index is trading 1.4% higher, and the BSE 250 SmallCap index is trading 1.9% higher.
Sectoral indices were trading positively today, with stocks in the IT and power sectors witnessing buying.
The rupee is trading at Rs 94.2 against the US$.
Gold prices for the latest contract on MCX are trading 0.4% lower at Rs 1,52,081 per 10 grams.
Meanwhile, silver prices were trading 0.6% lower at 2,43,122 per 1 kg.
Three reasons why Indian share markets are rising:
#1 Easing Geopolitical Concerns
Tensions in the Middle East appear to be cooling, with reports suggesting Iran has shown willingness to reopen the Strait of Hormuz and explore ending the conflict. There are also indications that talks with the US could begin soon. This has reduced global uncertainty and lifted market sentiment.
#2 Firm Global Cues
Global markets showed strong performance, with major Asian indices like Japan, South Korea, and Taiwan posting solid gains, especially in tech stocks. US markets also hit record highs, driven by continued strength in the technology sector. Positive global trends helped boost confidence in domestic markets.
#3 Decline in India VIX
The India VIX, a key indicator of market fear and volatility, dropped nearly 5% to around 19. This suggests that investors are feeling less uncertain about market conditions. Lower volatility typically supports a more stable and positive market environment.
Speaking of stock markets, Rahul Shah at Equitymaster says Tata Consultancy Services and Infosys are not seriously threatened by AI, as their strong business models still give them an edge.
The real issue is slower growth, not a weakening moat. Using the CAP concept by Michael Mauboussin, he explains that while profits remain stable, lack of growth may keep returns modest.
Shriram Finance Q4 FY26 Results
Shares of Shriram Finance came into focus after the company reported its Q4 FY26 results.
In the March 2026 quarter, Shriram Finance reported a net profit of Rs 30.14 bn, up 41% from Rs 21.39 bn a year ago. Revenue rose 9% to Rs 125.09 bn compared to Rs 114.54 bn in the same period last year.
The company's commercial vehicle loans grew 19.5%, while passenger vehicle lending increased 19.05%. These two segments make up nearly two-thirds of their Rs 3,200 bn assets under management, which expanded by around 15%.
Net interest income (NII) increased 15.58% to Rs 69.94 bn. Gross NPA inched up to 4.58% from 4.54% QoQ, while net NPA stood at 2.33% versus 2.38% in the previous quarter.
The company also announced a final dividend of Rs 6 per share for FY26, with 3 July 2026 set as the record date.
IndusInd Bank Q4 FY26 Results
Shares of IndusInd Bank came into focus after the company reported its Q4 FY26 results.
The bank reported a net profit of Rs 5.94 bn in Q4, compared to a net loss of Rs 2.89 bn in the same period last year. Net interest income (NII) rose 43% year-on-year to Rs 43.71 bn from Rs 30.48 bn.
On a quarter-on-quarter basis, revenue declined 4% to Rs 45.62 bn.
The board has recommended a final dividend of Rs 1.50 per equity share (15%) for FY26, subject to shareholder approval at the upcoming AGM. The record date to determine eligible shareholders is June 26, 2026.
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