Indian Stocks Rally 1%+ on FII Inflows, IT & Metal Gains

Indian equity benchmarks rebounded sharply on Wednesday, with both the Sensex and Nifty closing over a percent higher. This surge was primarily fueled by renewed foreign fund inflows and strong performance across TECK, IT, and Metal stocks.

• The BSE Sensex rose 888.68 points or 1.16% to 77,654.60.
• The CNX Nifty was up by 264.85 points or 1.10% to 24,250.20.
• Foreign Institutional Investors (FIIs) turned net buyers, purchasing equities worth Rs 755.33 crore on Tuesday.

Market sentiment remained upbeat throughout the trading session. This positive mood persisted even as crude oil prices jumped following escalating tensions between the US and Iran.

Corporate Results and Board Changes

In corporate news, KPIT Technologies approved its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company also announced key board appointments and reappointments.

• Dr. Nirmala Pandit was appointed an Additional and Non-Independent Non-Executive Director for a three-year term, effective July 29, 2026.
• Bhavna Doshi was reappointed as an Independent Director.

AXIS Bank informed that Life Insurance Corporation of India (LIC) withdrew Mini Ipe’s nomination as their representative on the Bank’s Board of Directors, effective July 29, 2026. R Systems International received recognition as a Horizon 2 GCC Accelerator in the HFS Horizons: GCC Services, 2026 Report, highlighting its sector performance.

• Dhanlaxmi Bank approved its unaudited financial results for the quarter ended June 30, 2026.
• Sukhjit Starch & Chemicals also approved its standalone and consolidated unaudited financial results.
• Vintage Coffee And Beverages similarly approved its unaudited financial results for the same quarter.

Positive Economic Outlook Affirmed

The broader economic outlook for India continues to show resilience, contributing to the positive market sentiment. Fitch Ratings projects aggregate revenue for rated Indian corporates to rise by 9% in FY27.

Union Minister Pankaj Chaudhary affirmed the Indian economy’s strength. He noted that real GDP expanded at over 7% annually over the past three years, supported by robust domestic demand.