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EQUITY
Post Session: Quick Review
Jul-17-2026

Indian equity benchmarks ended sharply higher on Friday, with both the Nifty and Sensex closing over 1 percent gains, driven by strong buying in IT and Teck stocks. Markets shrugged off weak global cues. Markets made a positive start and maintained their upward momentum throughout the session, as buying interest in Reliance Industries, HDFC Bank, and ICICI Bank ahead of their quarterly earnings further lifted investors’ sentiments.

Some of the important factors in trade:

India, EU likely to sign FTA by end-2026: Sentiments remained upbeat as Commerce and Industry Minister Piyush Goyal has said that India and the European Union (EU) have agreed to sign the Free Trade Agreement (FTA) by the end of calendar year 2026.

Govt to introduce MSMEs Development (Amendment) bill to enhance ease of doing business: Some support also came as the government plans to introduce a bill to enhance the ease of doing business for micro, small and medium enterprises (MSMEs) and strengthen the mechanism for addressing delayed payments in the upcoming Monsoon Session of Parliament.

RBI Governor says inflation remains elevated: Traders overlooked a report that Reserve Bank of India Governor Sanjay Malhotra said India’s inflation remains elevated, with ongoing tensions in the Middle East and prospects of a weak monsoon season seen as key risks for the economy.

On the global front: European markets were trading in red, as escalating AI concerns dampened trader sentiment. Asian markets closed mostly in red, following the broadly negative cues from Wall Street overnight. 

The BSE Sensex ended at 78151.45, up by 964.58 points or 1.25% after trading in a range of 77308.00 and 78282.55. There were 24 stocks advancing against 6 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Bankex up by 1.58%, Realty up by 1.39%, IT up by 1.38%, Auto up by 1.03% and Energy up by 0.96%, while Telecom down by 1.46%, Capital Goods down by 1.34%, Healthcare down by 1.25%, Power down by 0.96% and Industrials down by 0.85% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Tech Mahindra up by 4.08%, Kotak Mahindra Bank up by 3.17%, TCS up by 3.06%, Reliance Industries up by 2.56% and Hindustan Unilever up by 2.09%. On the flip side, Sun Pharma down by 0.91%, Bharti Airtel down by 0.61%, Trent down by 0.61%, Ultratech Cement down by 0.47% and Interglobe Aviation down by 0.40% were the top losers. (Provisional)

Meanwhile, crisil ratings in its latest report has said that artificial intelligence (AI)-driven disruptions, alongside weak discretionary spending and continuing geopolitical uncertainties are expected to keep revenue growth of India's information technology (IT) services sector muted this fiscal year and the next one. It further noted that a weaker rupee is likely to support IT companies' revenue growth and operating profitability this fiscal, though the currency advantage is expected to fade next year.

According to the report, mid-tier IT companies could prove to be nimble in this environment. For the broader industry, the key test will be how quickly companies reinvent business models, adapt effectively to the changing industry landscape and expand into newer services. Credit profiles may remain stable, supported by robust balance sheets, low debt and healthy liquidity. Crisil Ratings further stated that mid-tier IT firms have continued to outperform larger peers sustaining steady double-digit growth over the last few fiscals, supported by their niche strengths, with large-sized acquisitions by select players also strengthening their market position. Nevertheless, the overall muted industry outlook is expected to temper momentum, with their growth likely to remain at high single-digit levels over this fiscal and the next.

It also said that notwithstanding the mid-tier’s rise, the subdued growth outlook and rising AI-propelled disruptions are also reshaping hiring. Net headcount addition in the sector is expected to remain muted this fiscal and the next as companies focus on defending margins and improving productivity. Automation, higher employee utilisation and selective hiring for AI-related skills will remain the key levers.

The CNX Nifty ended at 24334.30, up by 261.55 points or 1.09% after trading in a range of 24099.05 and 24367.30. There were 36 stocks advancing against 14 stocks declining on the index. (Provisional) 

The top gainers on Nifty were Tech Mahindra up by 4.02%, Kotak Mahindra Bank up by 3.39%, JIO Financial Services up by 3.11%, TCS up by 3.09% and ICICI Bank up by 2.38%. On the flip side, Hindalco Industries down by 1.58%, Dr Reddy's Laboratories down by 1.08%, Wipro down by 1.04%, Sun Pharma down by 0.90% and Apollo Hospital down by 0.77% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 74.96 points or 0.89% to 8,302.90, Germany’s DAX lost 186.19 points or 0.75% to 24,729.30 and UK’s FTSE 100 decreased 12.44 points or 0.12% to 10,559.80.

Asian markets settled mostly lower on Friday, tracking Wall Street's fall overnight as high-flying chip and memory stocks declined on concerns over lofty artificial intelligence valuations and rising debt, as every major hyperscaler races to build AI data centers. Investor sentiment was also weighed down by intensifying military exchanges in the Middle East, which drove oil prices higher and heightened inflationary and interest rate concerns. Chinese shares dropped following chipmaker CXMT's planned $8.6 billion IPO, as a pipeline of large listings raised fears of a liquidity crunch. While, US-China tensions also remained on investors' radar after US President Donald Trump accused China of exploiting US election data in an extraordinary primetime speech in Washington. Markets in South Korea were closed for a holiday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,764.16

-118.26

-3.05

Hang Seng

24,562.24

-446.36

-1.78

Jakarta Composite

6,175.54

67.33

1.09

KLSE Composite

1,731.45

9.26

0.54

Nikkei 225

64,141.12

-2,694.42

-4.03

Straits Times

5,509.43

-29.95

-0.54

KOSPI Composite

--

--

--

Taiwan Weighted

42,671.27

-2,953.71

-6.47
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