Indian shares opened modestly higher on Friday, with broad market gains tempered by notable weakness in information technology stocks.
Retreating oil prices and easing bond yields provided early support, aided by optimism around Saudi Arabia’s efforts to reroute crude exports through Oman and restore the East-West pipeline.
The Federal Reserve’s first interest-rate hike in three years also boosted investor confidence in the central bank’s commitment to bringing inflation under control.
Among the session’s strongest performers, Bharti Airtel, Larsen & Toubro, HDFC Bank, Eternal, UltraTech Cement, and Indigo all climbed more than 1 percent in early trading.
GPT Infraprojects surged 5 percent after securing a contract worth Rs. 484 crore from Rail Vikas Nigam, making it one of the standout movers of the session.
Time Technoplast added 1.6 percent following the commissioning of its new automated packaging plant in Gujarat, signaling continued operational expansion for the firm.
Tata group stocks broadly declined, with TCS tumbling more than 3 percent amid a fresh dispute between Tata Sons and Trusts over the reappointment of N Chandrasekaran as executive chairman for another five years.
The internal governance tension at TCS weighed on sentiment across the broader technology sector, compounding existing pressure from global markets.
HCL Technologies, Infosys, and Tech Mahindra each fell between 1 and 2 percent as investors reacted to shifting dynamics in the global semiconductor landscape.
Reports that SK Hynix and Intel are in early talks to jointly produce memory chips at Intel’s idle Ohio facility in the United States sparked a rebound in global chip stocks, drawing capital away from Indian IT names.
The divergence between India’s broader market gains and weakness in the IT sector reflects a cautious but measured trading session, with investors weighing both domestic corporate developments and global macro signals.
Overall, the session highlighted how sector-specific news and international developments continue to drive sharp divergences within an otherwise tentatively positive Indian equity market.
