Indian benchmarks surge as IT rally and softer crude lift sentiment

The Nifty IT index jumped 4.5% while the Sensex broke through 77,400, driven by easing energy costs and renewed buying in technology stocks.

By Handelsavisen Newsroom · Automated 2026-07-02 07:32 UTC · 1 min read

Indian equity benchmarks posted sharp gains on Thursday, with the BSE Sensex crossing the 77,400 mark and the Nifty 50 adding 150 points.

The broad-based rally was fueled by a combination of falling crude oil prices and aggressive buying in the information technology sector, which emerged as the day's top performer.

5%, leading the market higher as major names including Infosys, TCS, Wipro, and HCL Tech posted significant gains.

The Nifty IT index surged 4.5%, leading the market higher as major names including Infosys, TCS, Wipro, and HCL Tech posted significant gains.

All sectoral indices traded in positive territory, signaling a broad shift in investor sentiment after a period of selling pressure earlier in the week.

The recovery marks a continuation of the upward momentum seen in recent sessions, where the Sensex had previously reclaimed the 77,000 level.

Softer crude prices provided a tailwind for the broader market, reducing inflationary concerns and improving the outlook for corporate margins.