IT stocks lead Indian shares higher; Iran war de-escalation hopes support sentiment

Puravankara

19/05/2026 08:01

** India's Nifty 50 .NSEI and Sensex .BSESN up 0.4% each; set for second day of gains

** Information technology stocks .NIFTYIT rise 3.7%, set for third session rally on weaker rupee and value buying

** Fifteen of the 16 major sectors rise; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gain 1.4%

** U.S. President Donald Trump says he paused a planned attack against Iran after it sent a peace proposal, raising hopes of a de-escalation in a more than two-month long war

** Oil marketing companies BPCL BPCL.NS, IOC IOC.NS and HPCL HPCL.NS up 2.4% to 3.4% after second hike in petrol and diesel prices in a week

** Realtor Puravankara PURA.NS jumps 12.3% on strong fourth-quarter earnings, while Jain Resource Recycling JAIE.NS tumbles 17.7% after sequential decline in quarterly profit

 (Reporting by Vivek Kumar M)

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