The key equity benchmarks continued to trade with strong gains in morning trade supported by positive global cues. Optimism surrounding a potential peace agreement between the U.S. and Iran lifted investor sentiment. Although crude oil prices edged higher, they retreated from the $105-per-barrel level. Meanwhile, the rupee strengthened against the U.S. dollar. Investors also remained focused on the ongoing quarterly earnings season and developments related to the India-U.S. trade agreement. The Nifty traded above the 23,750 level.

Private bank shares rebounded after witnessing losses in the previous trading session.

At 10 25 IST, the barometer index, the S&P BSE Sensex added 396.49 points or 0.53% to 75,594.33. The Nifty 50 index rose 118.10 points or 0.51% to 23,774.30.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index shed 0.03% and the BSE 250 SmallCap Index fell 0.06%.

The market breadth was positive. On the BSE, 2,031 shares rose and 1,509 shares fell. A total of 229 shares were unchanged.

In the commodities market, Brent crude for July 2026 settlement advanced $1.51 or 1.47% to $104.09 a barrel.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.1700 compared with its close of 96.3650 during the previous trading session.

Earnings to Watch:

Sun Pharmaceutical Industries(down 0.53%), Eicher Motors(up 1%), Hindalco Industries(up 0.30%), Colgate Palmolive (India)(down 0.67%), All Time Plastics(up 1.45%), Fortis Healthcare(down 1.39%), HG Infra Engineering(down 1.30%), Info Edge (India)(up 0.63%), Narayana Hrudayalaya, (down 2.02%), NTPC Green Energy(down 0.38%), Torrent Pharmaceuticals(down 0.15%), Unichem Laboratories(down 1.45%), Vikran Engineering(up 0.98%), and Yatra Online (up 0.05%) will announce their quarterly earnings later today.

Buzzing Index:

The Nifty Private Bank index jumped 1.21% to 26,304.85. The index declined 0.15% in the past trading session.

ICICI Bank (up 1.69%), Axis Bank (up 1.52%), HDFC Bank (up 1.47%), Kotak Mahindra Bank (up 1%) and IndusInd Bank (up 0.65%), RBL Bank (up 0.62%), Federal Bank (up 0.33%), IDFC First Bank (up 0.26%) advanced.

Stocks in Spotlight:

Gail (India) advanced 1.19%. The company reported 38.40% drop in standalone net profit to Rs 1,262.18 crore on a 2.54% fall in revenue from operations to Rs 34,797.03 crore in Q4 FY26 over Q4 FY25.

VA Tech Wabag rallied 3% after the company reported a 28.6% jump in consolidated net profit to Rs 128.30 crore on a 22.3% rise in revenue to Rs 1,414.4 crore in Q4 FY26 over Q4 FY25.