Indian shares muted as gains in IT, Tata Motors PV offset higher crude

Tata Motors Passenger Vehicles

15/05/2026 07:35

** India's Nifty 50 .NSEI, Sensex .BSESN rise about 0.1% each as a partial rebound in IT stocks and post-results rally in Tata Motors Passenger Vehicles offset a surge in crude prices tied to Middle East conflict

** Eight of 16 major sectors decline; small- .NIFSMCP100 and mid-caps .NIFMDCP100 fall 0.3% each

** IT .NIFTYIT gains 1.6% after losing about 7% over last four sessions on growing AI-linked concerns

** Tata Motors Passenger Vehicles TAMO.NS climbs 5.1%, despite reporting quarterly profit drop, on optimism over new launches, cost-reduction measures and strong volume forecast

** Sentiment remains subdued as higher oil prices threaten growth, energy supply and inflation in India

** Brent LCOc1 rises 2.1% to $108 a barrel; Asian markets fall after attacks on one ship and seizure of another in the Middle East

** Nifty, Sensex are down 1.9% and 2.4% this week, while rupee hovers near a record low

 (Reporting by Bharath Rajeswaran in Bengaluru)

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