Sensex Closes on Higher Note

India's BSE Sensex gained ground to close about 1.1% firmer at 75,398.7 on Thursday, marking the second day of advances. Upbeat earnings and optimism surrounding the outcome of the ongoing U.S.-China Summit outweighed concerns over foreign outflows, elevated oil prices and geopolitical tensions. Buying interest was visible across several key sectors, including banking, pharma and metals. Energy and FMCG stocks also advanced, while the IT sector underperformed. Telecom operator Bharti Airtel led the way, climbing 5.3%, after reporting a rise in quarterly profit. Other top gainers were Eternal (3.3%), HDFC Bank (2.7%), Adani Ports (2.1%), Sun Pharma (2.1%), M&M (2%), Bajaj Finance (1.7%) and NTPC (1.5%). On the flip side, heavyweight technology stocks such as Infosys, Tech Mahindra, HCLTech, and TCS posted losses of up to 2.5%.

The SENSEX Index went up by 790 points or 1.06 percent on Thursday to close at 75399 points. The rise was led by Bharti Airtel (5.24%), HDFC Bank (2.73%) and Eternal Limited (2.52%).

India’s BSE Sensex edged up about 0.3% to 74,808 on Thursday, extending its rebound from the previous session as investors returned to beaten-down stocks following the recent market pullback. The rebound was largely seen as a technical recovery driven by oversold conditions rather than a major shift in overall market sentiment, amid elevated crude oil prices. Investors were also awaiting a planned US-China meeting for signals on global oil supply dynamics, which could influence India’s inflation outlook and equity sentiment. Among gainers, NLC India climbed about 11.5% after reporting a sharp rise in Q4 FY26 earnings, with net profit nearly tripling year-on-year, while MTAR Tech jumped 8.8% after receiving purchase orders worth $238.76 million. Adani (+5%), Cipla (+5.1%), and Texrail (+5.7%) also advanced, while Kaynes Tech posted losses of 16.2%, as JPMorgan downgraded the stock and cut its price target, signaling reduced expectations for the company’s future performance.