Indian Stocks Rise for Third Day
2026-05-15 04:35
By
Jereli Escobar
1 min. read
India’s BSE Sensex rose about 0.5% to 75,741 on Friday, marking a third straight session of gains, although upside momentum remained limited amid higher crude oil prices and escalating geopolitical tensions surrounding Iran and the Strait of Hormuz.
Tensions in the region remained elevated after reports of an Iranian seizure of a vessel near the UAE and the sinking of an Indian cargo ship off Oman the previous day, while US President Trump further dampened hopes for de-escalation, saying in a Thursday interview that he would not continue to be patient with Iran.
The benchmark was led higher by technology stocks, with Shadowfax (+8%), Nazara (+6.2%), Infosys (+3.2%) posting strong gains.
Tata Motors also advanced 4.8% despite a decline in quarterly profit, supported by sequential improvement in margins and free cash flow across its India and JLR businesses, along with strong volume guidance.
On the downside, Data Patterns (-9.7%) and Sai Life (-13.3%) were among the biggest losers.