Rupee at record 96.52 crushed sentiment across the board, but IT found its edge in the same weakness. FIIs stayed net sellers, oil above $110 adding to the pressure. Stocks: Infosys, TCS, Angel One, Reliance, Kotak Bank. Still got questions? Good. askfuzz.ai

Nifty IT surges 3.65% as rupee weakness turns tailwind for exporters. Crude pulls back from 110 dollars, easing global tension and drawing money into growth sectors. The sector everyone wrote off as an AI casualty is suddenly the comeback story of 2026.

Markets opened the week with a wild ride. The Sensex closed just 77 points higher but swung nearly 1,100 points intraday, as crude oil surged above $110 on Middle East tensions, the rupee hit a record low, and foreign investors kept selling. IT was the surprise winner, up 2.43%, while Auto bore the brunt of oil fears. Gland Pharma stole the show with a 15% rally after a 97% jump in quarterly profit.

Iran tensions are pushing crude past $110 and the rupee to a record low for the fifth straight day, splitting the market in two — IT stocks up 2% while everything else bleeds. Oil marketing companies like IOC, BPCL and HPCL are down 3%, banking is under pressure, and autos are getting hammered, but a weak rupee is the one tailwind keeping IT in the green. Gland Pharma is surging 15% on a 97% profit jump while Amber Enterprises crashes 15% on margin warnings — watch Nifty's 23,400 support level into the close.

Markets likely to open under pressure this Monday as Trump's escalating warnings to Iran send oil prices surging and risk-off sentiment rippling through global equities. Gift Nifty signals a 197-point gap-down open, with Brent crude jumping to $111 and Asian markets deep in the red. We cover key Q4 results from Tata Steel and Vodafone Idea, map critical Nifty and Bank Nifty levels, and explain what the crude spike means for India.