With two hours left in today’s session, Nifty 50 is holding firm near 24,238 and Sensex is up over 600 points above 77,800, powered by a sharp IT-led rally, even as Bitcoin hovers near $63,500 and gold cools off amid easing haven demand. Here’s your 2 PM markets update.
📈 Afternoon Session: Market Snapshot
Nifty 50 is trading around 24,238, up roughly 165 points (+0.69%) from Thursday’s close, while the Sensex has climbed about 619 points (+0.80%) to near 77,806. Momentum has stayed firmly bullish through the day, led by Nifty IT, which jumped nearly 2% after HSBC upgraded its outlook on Indian equities. Tech Mahindra, Infosys, HCL Technologies and TCS are the standout gainers on the back of strong June-quarter results, while Jio Financial Services has surged after posting a 156% YoY jump in profit. On the weaker side, CEAT is under pressure after a sharp profit decline despite higher revenue, and metal counters are lagging amid mixed global cues. On the institutional front, the latest available data shows FIIs net sellers at ₹735.83 crore while DIIs stepped in as net buyers of ₹704.93 crore, continuing a pattern of domestic support cushioning foreign outflows.
₿ Crypto at 2 PM — Live Prices
Bitcoin is trading around $63,485 (about ₹61.2 lakh), down roughly 0.55% over the past 24 hours, while Ethereum is near $1,844 (about ₹1.78 lakh). The big story in crypto today is options expiry — roughly 19,000 BTC options worth $1.2 billion and 123,000 ETH options worth $230 million rolled off, with max-pain levels at $63,000 for Bitcoin and $1,800 for Ethereum. Bitcoin has now been range-bound between $60,000 and $65,000 for over a month. Elsewhere, Ethereum-focused ETF flows have been picking up, with T. Rowe Price launching what it calls the industry’s first actively managed multi-token spot crypto ETF.
💰 Live Rates — 2 PM IST
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | ~24,238 | +0.69% |
| Sensex | ~77,806 | +0.80% |
| Bitcoin (BTC) | ₹61.2L / $63,485 | -0.55% (24h) |
| Ethereum (ETH) | ₹1.78L / $1,844 | Range-bound |
| Gold (10g, 24K) | ₹1,43,290 | Softer, tracking global trend |
| Silver (1kg) | ₹2,34,900 | Slipping |
| USD/INR | ₹96.43 | +0.31% (rupee weaker) |
| Crude Oil (Brent) | $84.63/bbl | -0.37% |
📰 Top 5 Financial News Stories of the Day
- Nifty IT rallies nearly 2% on HSBC upgrade — International brokerage HSBC upgraded its outlook on Indian equities, triggering a broad-based rally in IT heavyweights including TCS, Infosys, HCL Technologies and Tech Mahindra. The move is a key reason Nifty and Sensex are both comfortably in the green today.
- Tech Mahindra Q1 FY27 profit jumps 31.7% — The IT major reported net profit of ₹1,486.3 crore for the June quarter, up 31.7% YoY, with revenue rising 17.7% to ₹15,711.9 crore. The strong beat has reinforced sentiment across the IT pack.
- Wipro posts modest profit growth, steady IT services revenue — Wipro’s net profit rose 0.6% YoY to ₹3,356.3 crore, while IT services revenue grew a healthier 10.3% to ₹24,452.9 crore, suggesting demand is holding up even if margins remain under pressure.
- Jio Financial Services profit soars 156% YoY — The Reliance group’s financial services arm posted consolidated net profit of ₹830 crore for Q1FY27, more than double last year’s figure, extending its strong run since listing.
- CEAT profit collapses 96.4% despite revenue growth — The tyre maker’s net profit fell to just ₹4 crore even as revenue climbed 22.4% to ₹4,318 crore, highlighting how rising input and rubber costs — linked partly to firmer crude — are squeezing margins across the auto-ancillary space.
🌐 Global Markets & Tomorrow’s Outlook
Asian markets are broadly weak today, with Japan’s Nikkei down around 4% and Taiwan’s benchmark also off nearly 4% amid a selloff in chipmaker stocks, while Hong Kong’s Hang Seng has slipped over 1%. Crude oil remains elevated on escalating US-Iran tensions and threats to regional energy shipping routes, a key overnight risk for Indian markets given the rupee’s sensitivity to oil import costs. Investors should watch for fresh geopolitical headlines and any Fed commentary overnight; a further spike in crude or a stronger dollar could pressure the rupee and cap tomorrow’s opening gains, even with domestic IT sentiment staying supportive.
Data sourced from live market feeds. Last updated: 2:00 PM IST, 17 July 2026. This is for informational purposes only and not investment advice.
