stock market
Good growth was seen in the Indian stock market on Thursday. Both Sensex and Nifty rose by more than 0.8%, which helped in recovering some of the wealth of investors which had lost more than Rs 8 lakh crore in Wednesday’s huge fall. By 10:10 am, Sensex rose by more than 635 points to 77,139 and Nifty rose by 195 points to 24,077. With this rise, the total market cap of BSE listed companies increased by about Rs 5.57 lakh crore, taking it to Rs 477 lakh crore.
In the Sensex pack, Bharti Airtel, Eternal and Sun Pharma gained around 3% each, while Asian Paints, ICICI Bank and Reliance Industries gained more than 1% each. In contrast, IT stocks (like Infosys and TCS) and Bajaj Finance fell 1-2% each, leading to losses in the benchmark index.
This new enthusiasm in the market was visible at the broader level, with Nifty Smallcap 100 and Nifty Midcap 100 indices rising by up to 2 percent. This happened because India VIX (which measures market volatility) fell more than 9 percent to 13.34 after rising 26 percent in the previous session.
Sector wise, Nifty FMCG, Nifty Pharma, Nifty PSU Bank, Nifty Realty, Nifty Consumer Durables and many other sector indices gained 1-2 percent. However, before the Q1 results of the giant TCS, the Nifty IT index fell by about 1 percent. Overall the market trend was positive. On NSE, an increase was seen in 2,506 shares and a decline in 433 shares, while there was no change in 93 shares.
Stock market rose due to these reasons
1. Trump assured war
US President Donald Trump said on Thursday he did not expect a resumption of conflict with Iran, but warned that Washington would respond more forcefully if Tehran launched new attacks. He said that I do not think it will start again… If they attack, we will respond ten times more forcefully. Whatever happens, it will go away very quickly, and we will make things safe, even for oil. The supply of oil will be very easy and without interruption.
2. Positive signs for the market
Japan’s Nikkei index rose nearly 2 percent as shares of chip-making companies recovered. However, South Korea’s Kospi index closed in the red with a slight decline. Earlier yesterday, there had been a huge fall of 6 percent, due to which the bear territory had started in Asia’s best performing stock market in 2026.
Meanwhile, in the US market, the S&P 500 index closed with a decline, but the Nasdaq closed with gains yesterday. Dow Jones Futures are currently trading with a slight increase, which indicates a positive start in the US stock market today.
3. FII made purchases
Foreign investors remained confident on Dalal Street and despite the fall in the market, they bought Indian shares for the sixth consecutive session on Wednesday. According to preliminary data of NSE, yesterday they made a net purchase of shares worth Rs 1,962.80 crore.
4. Rupee stable amid Iran tension
Meanwhile, the rupee opened at 95.55 against the US dollar, almost unchanged from its previous close of 95.5550. Jatin Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said market participants will keep an eye on the US-Iran confrontation, crude oil prices and global risk situation to decide the future course. Technically, the rupee is expected to trade in the range of 95.2095.80 in the near term, and volatility is likely to persist.
5. Earning Expectations
This rapid recovery has come amid expectations of good earnings. After single-digit growth in the last six quarters, Nifty 50 companies are expected to see double-digit YoY growth in revenues for the second consecutive year in the June 2026 quarter. However, net profit growth is likely to remain in single-digits for the third consecutive quarter due to pressure on profit margins due to rising input costs. According to ETIG estimates, revenue and net profit are expected to grow by 10.6% and 5.8% respectively. In the same quarter last year, revenue and profit growth were 4.9% and 8.5% respectively.
