Indian Shares Rise as Oil Prices Plunge on Iran Deal Hopes

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Summary · why it matters

Indian shares rose notably on Monday, with the benchmark 30-share BSE Sensex jumping 544.39 points, or 0.70 percent, to 78,639.03, while the NSE Nifty index surged 390.70 points, or 1.60 percent, to 24,774.30. The BSE mid-cap and small-cap indexes climbed 0.7 percent and 1.3 percent, respectively, and market breadth was strong with 2,825 shares rising against 1,568 declining. Brent crude futures fell nearly 5 percent toward $83 a barrel after U.S. President Donald Trump signaled an agreement with Iran was close, cooling crude oil prices and boosting investor sentiment alongside a weaker dollar and renewed foreign fund inflows. Among top gainers, Bajaj FinServ, Axis Bank, ITC, Eternal, Infosys, TCS, and Indigo rallied 2 to 4 percent, while Urban Company soared 12.4 percent on better-than-expected June-quarter earnings and One MobiKwik Systems advanced 4.4 percent after returning to profit in the April-June quarter of FY2027.

Impact on stocks 2

Information Technology · 1 stocks
Consumer Staples · 1 stocks

Off-coverage companies 7

One MobiKwik SystemsPrivate▲ Positive
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Returned to profit in April-June quarter of FY2027, boosting shares 4.4%.

Urban CompanyPrivate▲ Positive
Capitalrelevance

Better-than-expected June-quarter earnings drove shares up 12.4%.

Axis BankPrivate± Mixed
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Bajaj FinservPrivate± Mixed
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Eternal LimitedPrivate± Mixed
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InterGlobe Aviation (IndiGo)Private± Mixed
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Tata Consultancy Services LimitedPrivate± Mixed
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