09.07.202604:31:51UTC+00Sensex Opens on a Firm Note

India’s BSE Sensex rose about 0.7% to 77,051 at the Thursday open, clawing back some losses after its steepest single-day decline in three months on Wednesday. The rebound, however, was capped by renewed tensions in the Middle East that pushed crude oil prices higher.

Foreign portfolio investors lent some support, remaining net buyers despite the previous session’s sell-off. Investors are also looking ahead to earnings from Tata Consultancy Services, one of the first major blue-chip firms to report, for signals on the broader corporate earnings outlook.

In the broader corporate space, Tata Steel reported an 11% year-on-year increase in crude steel production, while Phoenix Mills posted a 32% rise in first-quarter portfolio consumption, both offering positive cues on corporate performance.

Among notable gainers were Unichem Lab (up 20%), Kalyan Jewellers (10%), Jindal Drilling (8.5%), and Aequs (6.9%). On the downside, Reliance retreated 2.6%, while Polycab and Infosys fell 2.1% and 2%, respectively.