India’s BSE Sensex reversed early losses to close 0.3% higher at 73,319.55 on Thursday, marking a second consecutive day of gains, even as hopes for a swift resolution to the Iran conflict faded and oil prices surged. IT stocks led the advance as investors positioned themselves ahead of upcoming quarterly earnings, with HCLTech, Tech Mahindra, Infosys, and TCS climbing between 1.8% and 3.5%.
Other notable gainers included Maruti, Titan, Bajaj Finance, HDFC Bank, Trent, BEL, IndiGo, and Axis Bank. On the downside, Sun Pharma slipped 1.7% after reports that the US administration may impose tariffs on drugmakers that have not agreed to lower prices in the American market.
On the macroeconomic front, final PMI data showed that growth in India’s manufacturing sector slowed to a near four-year low in March. For the week, the Sensex fell about 0.4%. The Indian stock market will remain closed on Friday, April 3, 2026, due to the Good Friday holiday.
