Indian shares gain as IT leads rebound; Sun Pharma jumps on Organon deal

Organon & Co.

27/04/2026 08:06

** India's Nifty 50 .NSEI and Sensex .BSESN up 0.5% each; set to snap three-session losing streak

** Thirteen of the 16 major sectors trade higher; IT stocks .NIFTYIT rebound 1.7%, following a 10% slump in last three sessions amid weak earnings

** Pharma stocks .NIPHARM jump 2%, led by Sun Pharma's SUN.NS 7% surge after it secured a deal to buy U.S.-based Organon OGN.N

** Gains remain limited as investors eye Middle East uncertainty. Stalled U.S.-Iran peace talks push Brent Crude higher to $107 a barrel O/R

** Financials .NIFTYFIN down 0.1%, led by 3.4% drop in Axis Bank AXBK.NS after it misses Q4 profit forecast and approves $2 billion equity fundraise

** Broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 jump 1.7% and 1.3%, respectively

** Among other stocks, Mahindra & Mahindra Financial Services MMFS.NS jumps 8.6%, while MRPL MRPL.NS drops 7% after Q4 earnings

** Paytm PAYT.NS down 2.4% after central bank cancels banking license for its payments bank

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))