The Indian equity benchmarks surged for a second straight session on Thursday powered by a rally in information technology shares as value buying emerged in IT shares after a recent selloff.
The SENSEX surged as much as 656 points and NIFTY50 index touched an intraday high of 24,195 led by gains in Infosys, Tata Consultancy Services, ICICI Bank, HCL Technologies, Tech Mahindra and Mahindra & Mahindra.
The SENSEX ended 579 points higher at 77,502 and NIFTY50 index advanced 170 points to close at 24,176.
Investor confidence also got a boost after crude prices declined for a second straight session as talks between United States and Iran progressed easing concerns about potential disruptions to crude supplies in the Middle East.
Asian markets
Asian markets were trading higher after a subdued US jobs data slashed hopes of a rate hike in the United States.
Japan’s Nikkei rose 0.6%, China’s Shanghai Composite advanced 0.59%, Hong Kong’s Hang Seng advanced 1.24% and South Korea’s KOSPI index 2.88%.
Wall Street update
Most of the US stock indices ended lower on Thursday as selloff in AI related shares continued. Dow Jones surged to a record high, rising 1.14% to close at 52,900.
S&P 500 index ended unchanged while tech heavy Nasdaq dropped 0.8%.
FII/DII activity
Foreign institutional investors (FII) sold shares worth ₹312 crore on Thursday while domestic institutional investors bought stocks worth ₹1,784.40 crore, as per NSE data.
FIIs have so far this year sold shares worth ₹2,75,913 crore, data from National Securities Depository Limited (NSDL) showed.
Stocks to watch
Paytm: Paytm Europe, a wholly owned unit of Paytm Cloud Technologies (a wholly owned subsidiary of One 97 Communications), has been granted the payment institution licence by Luxembourg regulator CSSF. It has also been registered on the payment institution’s official list, with effect from July 2, 2026.
“The licence has been granted in relation to the provision of services namely: (a) execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider: – execution of credit transfers, including standing orders; (b) execution of payment transactions where the funds are covered by a credit line for a payment service user: – execution of credit transfers, including standing orders; and (c) acquiring of payment transactions,” the company said.
BPCL: State-owned Bharat Petroleum Corp Ltd has acquired the remaining stake of Videocon in the Brazilian joint venture (JV) IBV Brasil Petroleo Limitada, ₹2,312 crore. With this, the oil and gas firm has taken full ownership of the company as it seeks to enhance its overseas upstream portfolio and boost long-term energy supplies.
The Jammu & Kashmir Bank: The lender has signed a corporate agency agreement with HDFC Life Insurance Company and SBI Life Insurance Company for servicing and soliciting their insurance products through its bank branch network. The deal will be effective from July 2.
Ramco Systems: The global enterprise software company has announced the appointment of Sandesh Bilagi as its chief executive officer. He steps into the role from his position as president and chief operating officer of the company.
“In his new role, he will drive Ramco’s global growth agenda and accelerate its strategy to become an AI-native enterprise software company,” the Chenna-based firm said in an exchange filing.
Coal India: The state-owned company said that its coal supplies to the power sector advanced 5.9% to 51.44 million tonnes (MT) in June 2026, boosted by increasing electricity demand in the peak summer season. In June 2025, coal supplies to power plants stood at 48.57 MT.
In the first quarter of the financial year 2026-27, the maharatna firm supplied 154.75 MT of coal to the power sector, up 1.8% from 151.93 MT a year back.
In a statement, the maharatna firm said there was a 7.5 per cent growth in overall coal supplies during June, which reached 65.8 MT compared to 61.2 MT last year.
Adani Enterprises: Adani Group’s flagship company Adani Enterprises and International Resources Holding (IRH), an IHC Group company through 2PointZero, on Thursday signed a memorandum of understanding (MoU) with the Odisha government to develop an integrated greenfield aluminium project in the mineral-rich state.
“AEL and IHC, through its subsidiary IRH, will form a 50:50 joint venture for the proposed project. The proposed investment, valued at approximately ₹1.08 lakh crore (USD 11.5 billion), is expected to be Odisha’s largest Foreign Direct Investment (FDI) proposal and India’s largest foreign direct investment in the metallurgy sector,” it said in an exchange filing.
Punjab National Bank: State-owned Punjab National Bank (PNB) clocked 13% growth in the total credit in the first quarter of the fiscal year 2027. Loans surged to ₹12.75 lakh crore in Q1 FY27 compared to ₹11.29 lakh crore in the first quarter of the last financial year.
Avenue Supermarts: The D-Mart retail chain operator posted a 15.13% rise in its standalone revenue from operations to ₹18,343.49 crore in Q1 FY27, compared to ₹15,932.12 crore a year back. Sequentially, D-Mart’s revenue climbed 3.7%. It had 503 stores as of June 30, 2026.
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