Indian shares snapped recent losses as technology names including Infosys and TCS gained, supported by renewed foreign buying, though higher crude oil prices remained a headwind for the rupee outlook.
Indian equities rebounded, with the BSE Sensex rising about 1% to 77,538 and the NSE Nifty 50 also gaining 1%, as technology stocks led the recovery after recent losses. Infosys and TCS advanced alongside other tech names including NewGen, KPIT Tech and Coforge, while renewed foreign buying supported sentiment. Investors also tracked corporate earnings, including stronger-than-expected results from TCS, higher profit at Lodha Developers, and reaffirmed full-year guidance from Larsen & Toubro. Bank of Baroda lagged after reporting a decline in quarterly earnings. Higher crude oil prices linked to geopolitical tensions limited gains, underscoring a potential headwind for India as a major oil importer and for the rupee outlook.