India Stocks: Indian shares snap losing streak; Reliance, Axis Bank cap gains

RBL Bank

27/04/2026 05:02

Updates for markets open

April 27 (Reuters) -
Indian shares opened higher on Monday, snapping a recent losing streak, although lacklustre quarterly earnings from conglomerate Reliance and Axis Bank and firmer crude prices linked to an Iran war crisis limited upside.

The Nifty 50 .NSEI was up 0.61% at 24,040.95, and the BSE Sensex .BSESN added 0.62% to 77,127.33, as of 9:24 a.m. IST.

Fourteen of the 16 major sectors logged gains at the open, the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 climbed 1% each.

Shares of Sun Pharma SUN.NS climbed 4.3% after the Indian pharmaceutical company said it would acquire U.S.-listed drugmaker Organon in a roughly $11.8 billion deal. Pharma index .NIPHARM rose 2%.

Axis Bank AXBK.NS fell 4.1% after the lender
reported a marginal drop in fourth-quarter profit over the weekend.

Reliance Industries RELI.NS recouped early losses of 1% to trade flat after the oil-to-telecom conglomerate missed quarterly profit expectations on Friday.

Both benchmark indexes lost 2.7% each in the previous three sessions, as higher crude prices due to the Iran war crisis and weak earnings outlook by software companies such as Infosys INFY.NS and HCLTech HCLT.NS weighed on risk sentiment.

Brent crude LCOc1 traded at roughly $106 a barrel after stalled U.S.-Iran peace negotiations.

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

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