Stock Market Today, 17 July 2026: Sensex Jumps 598 Points to 77,784, Nifty Reclaims 24,200 as IT Stocks Rally
- July 17, 2026
- Posted by: Kunal Singla
- Category: News
Stock market today: Sensex up 597.74 pts (0.77%) at 77,784.61. Nifty 50 up 159.55 pts (0.66%) at 24,232.30. Nifty IT up 1.31%. Rupee opens at 96.31.
The stock market today is trading firmly higher, with the Sensex climbing 597.74 points, or 0.77 percent, to 77,784.61 and the Nifty 50 adding 159.55 points, or 0.66 percent, to reclaim 24,232.30 in morning trade on 17 July 2026. Broad based buying in information technology and private banking stocks is driving the rally, while the rupee opened firmer against the dollar.
The move extends Thursday’s gains and comes even as the market continues to track the Q1 FY27 earnings season, with several large companies including Reliance Industries due to report results later today. Sector rotation into IT, which had lagged for much of the year, is the standout theme of the stock market today.
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Stock Market Today: Key Index Levels
The table below summarises where the major indices stand in the stock market today session as of late morning trade.
| Index | Level | Change | % Change |
|---|---|---|---|
| Sensex | 77,784.61 | +597.74 | +0.77% |
| Nifty 50 | 24,232.30 | +159.55 | +0.66% |
| Nifty Bank | 57,960.70 | +378.45 | +0.66% |
| Nifty IT | 29,099.60 | +377.00 | +1.31% |
| India VIX | 13.17 | +0.29 | +2.25% |
The Nifty Bank and Nifty Private Bank indices are tracking the broader market higher, while India VIX, the volatility gauge, has ticked up modestly, suggesting traders are not pricing in unusual turbulence despite the strong move.
Stock Market Today: IT Stocks Lead the Rally
Information technology stocks are the biggest driver of the stock market today, with the Nifty IT index up 1.31 percent. Infosys, Tech Mahindra, TCS, and HCL Technologies are among the top gainers in the pack, buoyed by a mix of strong Q1 FY27 earnings from Tech Mahindra and renewed buying interest in the sector after months of underperformance.
HCL Technologies and Tech Mahindra are both trading over 2.5 percent higher intraday, while Infosys has added a similar amount, reflecting broad based buying across the large-cap IT pack rather than single stock strength.
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Key Stock Specific Moves in the Stock Market Today
Beyond the index level moves, several individual stocks are in sharp focus in the stock market today. Exide Industries and BHEL touched fresh 52-week highs during the session, part of a broader list of BSE 500 stocks hitting new peaks. Jio Financial Services is the standout gainer on the Nifty, up over 4 percent, while Coal India announced it has commissioned 200 MW of its 300 MW Khavda solar project in Gujarat.
| Stock | Change | Trigger |
|---|---|---|
| Jio Financial Services | +4.30% | Q1 FY27 results, profit up 189% YoY |
| Exide Industries | +2.99% | Hit fresh 52-week high of Rs 433 |
| Tech Mahindra | +2.87% | Q1 FY27 profit up 32% YoY |
| Torrent Pharmaceuticals | -3.63% | Top Nifty loser of the session |
| Polycab India | -3.08% | Profit booking despite Jefferies buy call |
On the corporate action front, PC Jeweller shares fell over 4 percent after the board approved fundraising of up to Rs 1,000 crore via a Qualified Institutions Placement, and Indian Toners and Developers traded ex-split, gaining nearly 2 percent. Servotech Renewable Power System rallied over 4 percent after securing a 900 kW solar rooftop order from the Rural Development Department in Uttar Pradesh.
Rupee and Global Cues Shaping the Stock Market Today
The Indian rupee opened 4 paise higher at 96.31 against the US dollar, even as the currency continues to trade close to its record low amid high oil prices and cautious global risk sentiment. The Reserve Bank of India is reported to be intervening periodically to manage volatility, while steady foreign investment inflows have provided some support.
Reliance Industries shares are trading 1.40 percent higher ahead of its Q1 FY27 results due later today, one of the most closely watched earnings reports of the season given the company’s weight in both the Sensex and the Nifty 50. Gold and silver prices, meanwhile, remain volatile amid inflation concerns and shifting US Federal Reserve rate expectations, a dynamic that is also feeding into overall market sentiment.
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Conclusion
The stock market today is firmly in positive territory, with the Sensex up 597.74 points at 77,784.61 and the Nifty 50 back above 24,200, led by a sharp rally in IT stocks and broad based gains in banking. Individual stock moves, from fresh 52-week highs in Exide Industries and BHEL to Jio Financial’s post-results surge, are adding to the constructive tone. With Reliance Industries results due later today and the rupee trading near record lows, investors should watch for volatility as the session progresses, and consult a SEBI-registered advisor before making investment decisions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions FAQs
How is the stock market today performing?
Ans. The stock market today is trading higher, with the Sensex up 597.74 points, or 0.77 percent, at 77,784.61 and the Nifty 50 up 159.55 points, or 0.66 percent, at 24,232.30 as of late morning trade on 17 July 2026.
Why is the stock market today rallying?
Ans. The rally in the stock market today is being led by IT stocks, with the Nifty IT index up 1.31 percent on strong Q1 FY27 earnings and renewed sector buying, alongside broad based gains in banking stocks.
Which stocks are top gainers in the stock market today?
Ans. Jio Financial Services, up over 4 percent after its Q1 results, along with Exide Industries and BHEL, which touched fresh 52-week highs, are among the top gainers in the stock market today.
Which stocks are falling in the stock market today?
Ans. Torrent Pharmaceuticals and Polycab India are among the top losers, with Polycab falling despite a Jefferies buy rating as investors booked profits after a recent rally in the stock.
How is the rupee performing today?
Ans. The Indian rupee opened 4 paise higher at 96.31 against the US dollar, though it remains close to its record low amid high oil prices and cautious global risk sentiment.
What is India VIX signalling about the stock market today?
Ans. India VIX, the volatility index, is at 13.17, up 2.25 percent, a level that suggests moderate near term volatility without signalling unusual turbulence in the stock market today.
What should investors watch for the rest of the session?
Ans. Investors should watch Reliance Industries’ Q1 FY27 results due later today, given the company’s index weight, along with the sustainability of the IT sector rally through the rest of the stock market today.
