India Stocks: Indian shares open higher on IT rebound; Tata Motors PV jumps

Adani Enterprises

15/05/2026 05:01

Updates for markets open

May 15 (Reuters) -
Indian shares edged higher at the open on Friday as a rebound in IT stocks and a post-results rise in Tata Motors Passenger Vehicles outweighed higher crude prices from the ongoing Middle East conflict.

The Nifty 50 .NSEI and the BSE Sensex .BSESN rose 0.4% each to 23,783.7 and 75,686.31, respectively, as of 9:27 a.m. IST.

Nine of the 16 major sectors logged losses. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 lost 0.7% and 0.1%, respectively.

The IT index .NIFTYIT rose 2.5%, staging a partial rebound after losing about 7% in the previous four sessions.

Tata Motors Passenger Vehicles TAMO.NS rose about 8.3% despite reporting a quarterly profit fall, as analysts termed sequential improvement in margins and free cash flow in India and JLR businesses and strong volume guidance as positives.

Other Asian markets .MIAPJ0000PUS fell 1.3%, while Brent crude prices climbed 1% to $107 a barrel.

Geopolitical risks remained the key overhang. A ship was reported seized by Iranian personnel off the United Arab Emirates on Thursday, a day after an Indian cargo vessel carrying livestock from Africa to the UAE sank in waters off Oman.

 (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips abd Nivedita Bhattacharjee)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))