BUZZ-IT rebound lifts Indian shares; oil, financials cap gains

** Indian shares led higher by a rebound in IT stocks ahead of Wipro WIPR.NS, Tech Mahindra TEML.NS earnings

** Both Nifty 50 .NSEI, Sensex .BSESN rise 0.4%

** IT index .NIFTYIT gains 1.7% after dropping 1.7% in last two sessions; WIPR, TEML up 2% each

** Thirteen of the 16 major sectors advance; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gain 0.2% each

** High-weight financials .NIFTYFIN fall 0.2%, dragged by post-results decline in ICICI Lombard ICIL.NS, ICICI Prudential ICIR.NS, HDFC Life HDFL.NS and HDFC AMC HDFA.NS

** Lingering geopolitical tensions in the Mideast continue to weigh on the world's third-largest crude importer

** Brent LCOc1 hovers around $84.5 a barrel, as renewed U.S. strikes on Iran hurt sentiment

** Among stocks, Dixon Technologies DIXO.NS, Cyient DLM CYIT.NS, Kaynes Technology KAYN.NS, Syrma SGS Technology SYRM.NS and Amber Enterprises AMBE.NS rally on the government's production-linked incentive approvals for mobile and semiconductor manufacturing

** Mangalore Refinery MRPL.NS hits two-month high after reporting June-quarter profit, compared to a loss in the year-ago period


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.