{
  "id": 2126923,
  "title": "Indian shares snap losing run led by IT, financials as bond markets steady",
  "url": "https://urgent.news/2026/08/20/indian-shares-snap-losing-run-led-by-it-financials-as-bond-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T11:36:17.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40435761/indian-shares-snap-losing-run-led-by-it-financials-as-bond-markets-steady"
  },
  "original_language": "en",
  "account": "Indian shares ended a seven-day losing streak on Thursday, buoyed by IT and financial stocks as bond markets stabilized following U.S. Treasury measures to curb a market rout. The Nifty 50 index rose 0.64% to 24,231.85, while the BSE Sensex gained 0.82% to 77,537.72. The two indices marked the end of a seven-session and four-session losing streak, respectively, as they closed above their previous levels. The gains came after the U.S. Treasury doubled its buyback sizes for long-duration debt, signaling a commitment to quell the recent surge in yields. The moves instilled confidence among investors, who had grown nervous over rising borrowing costs, causing the dollar to fall and supporting global stock markets. Hariselvan Radhakrishnan, founder of HST Wealth, noted that the market regulator's interim order addressing alleged expiry-day manipulation had heightened scrutiny of closing auction activity, emphasizing the need for stronger oversight to prevent concentrated order placement, cancellations, and expiry-day trading strategies. Despite the positive market sentiment, Radhakrishnan cautioned that while the U.S. Treasury's actions bolstered the global equities backdrop, the elevated Brent oil prices warranted cautious optimism rather than aggressive risk-taking. Throughout the day, 14 of the 16 major sectors recorded gains, with the IT index surging 0.8% and its two-day rise totaling 1.5%. Financials also benefited, adding 0.7%. IT stocks regained ground after losing about 4% in the previous three sessions. Financial stocks, particularly gold-loan lenders Manappuram Finance and Muthoot Finance, surged by 2.7% and 3.9%, respectively, in tandem with a rise in gold prices. Turtlemint Fintech experienced a significant jump of 4.1% following Jefferies' upgrade to a \"buy\" rating. HDB Financial also rose 1.4% after Morgan Stanley changed its outlook to \"overweight\" from \"equal weight\" due to an improved earnings outlook and attractive entry point. Power financiers Power Finance Corp and REC, however, fell 2.8% and 2.6%, respectively, following a Morgan Stanley downgrade.",
  "summary": "Indian shares snapped a losing streak on Thursday, led by IT and financial stocks and tracking a global rebound after the U.S. Treasury took steps to stem a bond market rout. The Nifty 50 rose 0.64% to 24,231.85, ending a seven-session losing streak, while the BSE Sensex gained 0.82% to 77,537.72 after four sessions of losses. They had traded 0.55% and 0.75% higher ahead of closing auction…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}