Infosys, Tata Consultancy Services, HCL Tech, Mahindra & Mahindra and Reliance Industries were also among the winners. Sun Pharma, Bharti Airtel, Trent and UltraTech Cement were among the laggards. File
| Photo Credit: Reuters
Benchmark indices Sensex and Nifty climbed in early trade on Friday (July 17, 2026), driven by buying in IT stocks after Tech Mahindra reported a 28.4% rise in consolidated net profit for the June quarter.
After a subdued ending in the previous trade, the 30-share BSE Sensex jumped 480.95 points to 77,656.56 in early deals. The 50-share NSE Nifty climbed 125.05 points to 24,201. From the Sensex pack, Tech Mahindra climbed 3% after the IT company reported a 28.4% rise in consolidated net profit for the June quarter at ₹1,465 crore, and expressed confidence about the demand environment.
Infosys, Tata Consultancy Services, HCL Tech, Mahindra & Mahindra and Reliance Industries were also among the winners. Sun Pharma, Bharti Airtel, Trent and UltraTech Cement were among the laggards. The BSE IT index traded 1.25% higher at 28,189.45.
U.S. markets ended in negative territory on Thursday (July 16, 2026). Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,205.56 crore on Thursday (July 16, 2026), according to exchange data.
Brent crude, the global oil benchmark, quoted 0.85% higher at $84.95 per barrel. In Asian markets, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index quoted lower.
On Thursday (July 16, 2026), the Sensex edged up 1.44 points to settle at 77,186.87. The Nifty dipped 5.75 points, or 0.02%, to end at 24,072.75.
Published – July 17, 2026 11:01 am IST
