Share Market Today: Sensex Jumps 776 Points, Nifty Ends Just Below 24,000; IT and Realty Lead Broad-Based Rally

Indian Stock Market Today |Indian benchmark indices ended sharply higher on Monday, 27 July 2026, snapping their five-session losing streak. A steep fall in crude oil prices, easing tensions between the US and Iran, positive global cues and value buying after last week’s correction supported broad-based market gains.

Brent crude declined around 9% to approximately $88 per barrel after the US and Iran paused military strikes, easing concerns over inflation, India’s import bill and pressure on the rupee. All 16 major sectoral indices ended higher, while midcap and smallcap indices gained approximately 1.1% and 1.3%, respectively.

At the Closing Bell:

• BSE Sensex: Advanced 776.01 points to close at 76,835.78 (+1.02%)
• Nifty 50: Gained 228.50 points to settle at 23,995.95 (+0.96%)
• Bank Nifty: Rose 393.70 points to close at 57,087.20 (+0.69%)

Why Did the Indian Stock Market Move Today?

Easing Middle East Tensions Improved Risk Appetite

Market sentiment strengthened after the US and Iran paused military action, reducing immediate concerns about disruptions to crude-oil supplies and key global shipping routes.

The development encouraged investors to return to equities after five consecutive sessions of declines.

Sharp Fall in Crude Oil Provided Major Relief

Brent crude fell sharply from levels near $100 to approximately $88 per barrel.

Lower oil prices are positive for India because they can reduce the import bill, inflationary pressure, current-account risks and input costs for fuel-sensitive companies. Airlines, paint manufacturers, tyre companies and oil-marketing companies consequently attracted buying interest.

Rupee Strength and Value Buying Supported the Recovery

The Indian rupee strengthened to a two-week high as falling crude reduced demand for dollars and eased concerns surrounding India’s external balances.

Investors also accumulated stocks following last week’s correction, during which the Nifty and Sensex had lost approximately 2.3% and 2.7%, respectively.

IT Became the Strongest-Performing Sector

The IT index advanced 2.34%, making it the strongest major sector in the provided heatmap.

Infosys led the sectoral rally after Jefferies upgraded the Indian IT sector from “underweight” to “neutral” and included Infosys in its model portfolio. Buying was also visible across other large technology companies.

Realty and Auto Recorded Strong Gains

Realty advanced 2.28%, supported by improving risk appetite and renewed buying in higher-beta sectors.

Auto gained 1.60% as the decline in crude prices reduced concerns surrounding fuel costs, inflation and transportation demand. IndiGo and several tyre-related companies also benefited from lower energy prices.

Pharma and FMCG Attracted Buying

Pharma rose 1.56%, supported by broad-based buying across defensive and healthcare companies.

FMCG advanced 1.04% as lower crude and commodity-cost expectations improved the outlook for operating margins and consumer demand.

Financial Services and Bank Nifty Ended Higher

Financial Services gained 0.83%, while Bank Nifty advanced 0.69%.

Strong quarterly results supported buying in select lenders, particularly IDFC First Bank and AU Small Finance Bank. However, HDFC Bank remained marginally lower and restricted some of the banking sector’s gains.

Energy Remained Nearly Flat

The Energy index edged up only 0.02%, significantly underperforming the broader market.

Lower crude prices supported oil-marketing companies such as BPCL, HPCL and Indian Oil but pressured upstream producers such as ONGC, whose earnings are more sensitive to crude realizations.

Market Overview – Sector & Stock Action Summary

Indian markets staged a strong recovery after five consecutive sessions of losses, supported by easing geopolitical tensions, a sharp fall in crude oil prices, rupee appreciation and value buying.

The Sensex gained around 776 points, while the Nifty ended less than five points below the psychologically important 24,000 level. Bank Nifty reclaimed the 57,000 mark and closed at 57,087.20.

The rally was broad-based, with all 16 major sectoral indices closing higher. IT and Realty gained more than 2%, while Auto, Pharma and FMCG recorded healthy advances. Broader markets also outperformed, with the Nifty Smallcap and Midcap indices gaining approximately 1.3% and 1.1%, respectively.

Stock-specific buying was seen in ETERNAL, INDIGO and INFY, while ONGC, HDFCBANK and HDFCLIFE were among the limited Nifty losers.

Key Sector Performance Snapshot

IT: +2.34% → Infosys led the sector after a brokerage upgrade, while renewed buying supported other major technology stocks.

Realty: +2.28% → Improved risk appetite and short covering lifted higher-beta real-estate companies.

Auto: +1.60% → Falling crude prices and easing fuel-cost concerns supported automobile and transportation-related companies.

Pharma: +1.56% → Broad-based buying and defensive demand lifted pharmaceutical stocks.

FMCG: +1.04% → Lower commodity and transportation-cost expectations improved the margin outlook.

Financial Services: +0.83% → Strong results from select lenders supported the sector despite weakness in HDFC Bank.

Metal: +0.60% → Improved global risk sentiment encouraged buying across cyclical stocks.

Consumer Durables: +0.46% → Positive market sentiment and improving cost expectations supported selective buying.

Energy: +0.02% → Gains in oil-marketing companies were offset by losses in upstream producers such as ONGC.

Top Gainers

ETERNAL: +5.66% → Led the Nifty gainers amid broad-based risk-on buying and renewed investor appetite for consumer-internet companies.

INDIGO: +4.91% → Surged as the steep fall in crude prices improved expectations surrounding aviation-fuel costs and operating margins.

INFY: +3.68% → Advanced after Jefferies upgraded the IT sector and included Infosys in its model portfolio.

Top Losers

ONGC: -4.10% → Declined sharply as falling international crude prices weakened the earnings outlook for upstream oil producers.

HDFCBANK: -0.44% → Underperformed the broader financial-sector rally amid selective selling and profit-booking.

HDFCLIFE: -0.40% → Ended marginally lower due to stock-specific profit-booking despite positive overall market sentiment.

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 161 points higher at 23,928 reached a high of 24,011 and closed at 23,995.

• Immediate Support: 23,900
• Immediate Resistance: 24,100

BANK NIFTY: Opened 423 points higher at 57,116, reached a high of 57,330 and closed at 57,087.

• Immediate Support: 56,800
• Immediate Resistance: 57,300

World Markets, Crude & Gold Prices

Global Equities:
Global markets traded with a cautiously positive bias as easing tensions between the US and Iran and falling crude prices improved risk appetite. Most Asian markets advanced, although select technology stocks remained under pressure ahead of major US tech earnings. European equities recovered, while US stock futures moved higher. Investors continued to monitor the sustainability of the Middle East truce, upcoming corporate earnings and the US Federal Reserve’s policy decision.

Crude Oil:
Brent crude traded at $91.091 per barrel, down 1.66%, extending its decline after briefly crossing $100 in the previous week. Prices softened as the US and Iran paused military action, reducing immediate fears of severe supply disruptions through the Strait of Hormuz. However, uncertainty surrounding the durability of the truce and continued risks to Middle Eastern oil infrastructure may keep crude volatile. Lower oil prices offer relief to Indian markets by easing inflation, import-bill, currency and corporate-margin pressures.

Gold Prices:
Gold traded at $4,099.75 per ounce, up 1.16%, supported by a softer US dollar and reduced expectations of aggressive monetary tightening as crude prices declined. Lingering geopolitical uncertainty also maintained demand for the safe-haven asset. Gold may remain volatile as investors assess developments in the Middle East and await signals from the upcoming US Federal Reserve policy meeting.

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