Indian Equities Defy Global Slump As Sensex Jumps 795 Pts, Nifty IT and Large-Caps Lead Rally

BSE Sensex surged 794.79 points (1.03%) to 77,981.66, while NSE Nifty 50 climbed 204.70 points (0.85%) to 24,277.45 by 1:20 PM IST on 17 July 2026.

Nifty IT index gained 1.78% to 29,233.30, led by Tech Mahindra (+3.53%), TCS (+3.14%), and Infosys (+1.76%).

Nifty Bank index rose 0.86% to 58,074.60, with Kotak Mahindra Bank (+2.36%), ICICI Bank (+1.29%), and HDFC Bank (+1.21%).

Reliance Industries gained 1.86% to ₹1,320.70, and Hindustan Unilever rallied 2.10% to ₹2,142.40.

The rally contrasted with negative Asian cues and declining US stock futures, with market breadth favoring advances despite mild profit-taking in metals and pharma.