Indian Stocks Rise: NTPC, Hirect Boost Market on Easing Tensions

Indian equity benchmarks advanced in morning trade, buoyed by easing geopolitical tensions and positive corporate earnings reports. Power giant NTPC and Hirect significantly contributed to the upward momentum.

NTPC reported a robust first quarter for fiscal year 2027, with consolidated net profit increasing by 12%. The power giant’s consolidated total income also saw a rise of 6.94%, reaching Rs 51,141.51 crore. This strong financial performance propelled NTPC shares.

Company Performance Highlights

• NTPC shares gained 0.68%, closing at Rs 349.50.
• Hirect shares zoomed 3.98%, reaching Rs 1352.00.
• Hirect secured a Rs 60 crore order from Indian Railways.
• The Indian Railways order is slated for execution within 24 months.

The broader market sentiment was further bolstered by a sharp decline in crude oil prices. This dip occurred amid a reduction in tensions across West Asia, easing concerns over potential energy supply disruptions.

Traders also responded to updates regarding international trade agreements. The Commerce Ministry confirmed the conclusion of the second round of negotiations for a proposed free trade agreement between India and Israel. Key issues covered included trade in goods and services, rules of origin, and intellectual property rights.

Global Market Influences

• Asian markets traded mostly higher on Monday.
• Crude oil rates plunged following a weekend pause in military strikes between Washington and Tehran.
• The dollar’s softening against local currencies shifted investor appetite from safe havens to equities.
• Japan’s Nikkei index rebounded significantly.

Optimism also stemmed from industry body Assocham’s positive comments regarding the implementation of the India-UK free trade agreement. These combined factors created a favorable environment, supporting the upward trajectory of Indian equities.