Financials, IT boost Indian shares after Jio Financial, Tech Mahindra results

Tech Mahindra

17/07/2026 08:02

** India's Nifty 50 .NSEI and Sensex .BSESN rise 0.8 and 1%, respectively, led by IT stocks after Tech Mahindra's TEML.NS revenue beat and by financials following Jio Financial's JIOF.NS June-quarter results
** JIOF gains 4%, while TEML gains 2%
** Ten of the 16 major sectors advance: Financials .NIFTYFIN rise 1.1% and IT .NIFTYIT gains 1.5%
** Broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 slip 0.9% and 0.7%
** Oil-to-telecom conglomerate Reliance Industries RELI.NS rises 2% ahead of its results later in the day
** RELI is projected to post a quarterly revenue jump while profit is likely to be impacted by higher oil prices 
** Private lenders HDFC Bank HDBK.NS and ICICI Bank ICBK.NS gain 1.8% and 1.4%, respectively, ahead of results over the weekend
** Quarterly business updates from HDBK and ICBK, released earlier this month, showed strong uptick in loan growth
** Nifty up 0.3%, Sensex gains 0.5% this week, led by 4% jump in IT on softer U.S. inflation 



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