After enduring two consecutive sessions of steep losses, the domestic stock market offered some relief on Wednesday, 15 July 2026, opening in the green. The BSE Sensex began the day up 137.82 points, or 0.18 percent, at 77,192.76, while the NSE Nifty 50 index climbed 33.80 points, or 0.14 percent, to open at 24,085.85. Yet the early gains were overshadowed by the technology sector, where marquee names saw aggressive selling.
Global Tensions in the Background
Sentiment continues to be shaped by tensions in West Asia. Air strikes between Iran and the United States are still ongoing, keeping investors cautious. There was, however, one piece of relief: Donald Trump has rolled back a plan to impose a 20 percent transit fee on cargo passing through the Strait of Hormuz. Since the waterway is critical to global oil supplies, the decision to shelve the levy was read as a small positive for the market.
TCS Under the Most Pressure
On Wednesday, 21 of the 30 Sensex companies opened higher while 7 slipped into the red. Power Grid and Maruti Suzuki opened flat, with no change. On the Nifty 50, 37 of the 50 constituents began the session higher and the remaining 13 traded lower. Among the Sensex stocks, Asian Paints was the top performer, opening up 1.13 percent. At the other end, the country's largest IT company, TCS, was the biggest loser, opening down 2.13 percent, a sign of the strain weighing on the entire IT space.
Stocks That Advanced
The list of gainers was long. Bajaj Finance opened up 1.05 percent, Axis Bank 0.93 percent, Bharti Airtel 0.82 percent, Adani Ports 0.76 percent, IndiGo 0.61 percent and Reliance Industries 0.53 percent. They were followed by HDFC Bank at 0.44 percent, Sun Pharma 0.43 percent, ICICI Bank 0.41 percent, Bajaj Finserv 0.40 percent, Trent 0.36 percent and Tata Steel 0.35 percent. SBI rose 0.34 percent, Hindustan Unilever 0.32 percent, Mahindra & Mahindra 0.29 percent, Kotak Mahindra Bank 0.29 percent, Titan 0.17 percent, L&T 0.15 percent, ITC 0.13 percent and NTPC 0.04 percent, all opening in positive territory.
Stocks That Opened in the Red
IT names dominated the losers' column. Tech Mahindra opened 1.95 percent lower, HCL Tech fell 1.54 percent and Infosys dropped 1.35 percent. Alongside them, Eternal declined 0.61 percent, BEL 0.18 percent and UltraTech Cement 0.14 percent at the start of trade. In sum, while the headline indices opened higher, the weakness in IT stocks put a partial brake on the early momentum.
