Lower oil, IT rebound and earnings cheer drive Indian shares higher

Coforge

27/07/2026 07:11

** Nifty 50 .NSEI and Sensex .BSESN rise about 1%, helped by a drop in oil prices after the U.S., Iran paused fighting over the weekend
** All 16 major sectors advance; IT index .NIFTYIT jumps 2.6%
** Infosys INFY.NS and Coforge COFO.NS climb 3.6% and 3%, respectively; Jefferies raises sector to "neutral" from "underweight", adds Infosys and increases weight of Coforge in model portfolio
** Tata Consumer TACN.NS and NTPC NTPC.NS gain 2% and 1% on posting Q1 profit rise
** Brent crude LCOc1 falls 5.2% O/R
** Oil marketing companies, tyre makers, paint makers, airline operators log gains on lower oil prices
** IDFC First Bank IDFB.NS and AU Small Finance Bank AUFI.NS gain 6% and 4.2%, on robust quarterly results
** SBI Card SBIC.NS adds 3.5% on reporting 19.4% y/y Q1 profit rise

(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))