Sensex gains 78 points, Nifty settles near 25,800 mark
Business
Markets stayed upbeat for the third day straight, thanks to buzz around a US-India trade deal.
Sensex inched up 78 points to 83,818 and Nifty rose 48 points to 25,776.
IT stocks drop over 6%
Most stocks were in the green—midcaps and smallcaps saw solid gains too.
But tech stocks had a rough day: the Nifty IT index dropped over 6%, losing nearly ₹2 lakh crore after worries that new AI tools (like Anthropic's) could hurt India's outsourcing industry.
Rising global tensions also nudged oil prices up and pushed the rupee down a bit.
Investors jump back into mid and small-cap stocks
While IT dragged things down, investors jumped back into mid and small-cap stocks after recent dips.
As Geojit's Vinod Nair put it, folks are hunting for value even with global risks and an RBI policy update coming soon.