Although the benchmark indices opened higher, they traded on a positive note throughout the session and ultimately closed green.
Indian equity benchmarks indices, Sensex and Nifty50 rose as IT shares advanced and as oil prices softened in the Asia session.
At the closing bell, the BSE Sensex closed 879 points higher (up 1.2%)
Meanwhile, the NSE Nifty closed 288 points higher (up 1.3%)
ITC, Infosys, TCS are the top gainers today.
Reliance Industries, Eternal on the other hand, were among the top losers today.
The GIFT Nifty was trading at 22,283 with 309 points lower at the time of writing.
The BSE 150 Midcap index is trading 1% higher and the BSE 250 SmallCap index is trading 0.4% higher.
Sectoral indices traded positive today, buying interest witnessed in the stocks of IT sector and services sector.
6 Reasons why Indian share markets are Rising:
#1 Buying in IT Shares:
IT stocks rallied, with TCS shares rising 5% after the company reported improved AI-related revenue and growth in its international business for the September quarter. The Nifty IT index gained over 3%, making it the top-performing sectoral index.
#2 Easing Geopolitical Concerns:
Investor sentiment improved after US President Donald Trump indicated that an attack on Iran would take place only after the midterm elections. The possibility of delayed military action eased immediate concerns over geopolitical tensions.
#3 Decline in Crude Oil Prices:
Brent crude prices fell 1.11% to USD 103 per barrel, offering some relief to India, which relies heavily on oil imports. Lower crude prices can help reduce import costs and ease inflationary pressures.
#4 Firm Global Cues:
Asian markets traded higher, with Hong Kong's Hang Seng index in positive territory. US stock futures also rose by up to 0.5%, signalling positive sentiment across global markets.
#5 Rupee Gains:
The Indian rupee strengthened by 23 paise to 96.65 against the US dollar, supported by a weaker US currency and likely intervention by the Reserve Bank of India. The rupee opened at 96.74 before gaining ground during the trading session.
#6 Decline in India VIX:
The India VIX, which measures expected market volatility, fell 4% to 14.68. The decline indicated reduced expectations of sharp market swings, helping improve investor confidence.
The rupee is trading at Rs 96.7 against the US$.
Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 1,51,253 per 10 grams.
Meanwhile, silver prices were trading 1.5% higher at 2,24,591 per 1 kg.
NCC Wins Major Telangana Highway Construction Project
Shares of NCC came into focus after the civil construction company received an order worth Rs 12.86 billion (bn) from Hyderabad Growth Corridor Limited.
According to an exchange filing, NCC has received a Letter of Acceptance (LoA) from Hyderabad Growth Corridor Limited for a road construction project worth Rs 12.86 bn in Telangana.
The project involves constructing Radial Road-2 from the Outer Ring Road (ORR) near Budwel to Nacharam on NH-167N, covering Package 1 from Budwel to Shabad. The company is expected to complete the project within eight months from the date of award.
Info Edge Q2 FY27 Results
Shares of Info Edge came into focus after the company reported its Q2 FY27 results.
Info Edge (India) Ltd on Thursday reported a 12.8% year-on-year (YoY) increase in its standalone billings to Rs 8.22 bn for the second quarter ended September 30, 2026.
The company, which operates platforms such as Naukri.com and 99acres, had recorded standalone billings of Rs 7.29 bn in the July-September quarter of the previous fiscal year, according to a regulatory filing.
For the first half of FY27, standalone billings grew 13.5% to Rs 15.59 bn, compared with Rs 13.73 bn in the corresponding period of the previous year.
Billings from the recruitment solutions segment increased 12.6% YoY to Rs 6.14 bn in the second quarter, up from Rs 5.45 bn in the year-ago period.
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