---
title: "Indian shares snap losing streak; Reliance, Axis Bank cap gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284152309.md"
description: "Indian shares opened higher on Monday, ending a losing streak, with the Nifty 50 up 0.61% and the BSE Sensex up 0.62%. Despite this, quarterly earnings from Reliance and Axis Bank limited gains. Sun Pharma's shares rose 4.3% after announcing an $11.8 billion acquisition of Organon. Axis Bank fell 4.1% due to a slight drop in profit, while Reliance traded flat after missing profit expectations. The previous sessions saw both indexes lose 2.7% amid rising crude prices linked to the Iran war crisis."
datetime: "2026-04-27T04:02:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284152309.md)
  - [en](https://longbridge.com/en/news/284152309.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284152309.md)
---

# Indian shares snap losing streak; Reliance, Axis Bank cap gains

April 27 (Reuters) - Indian shares opened higher on Monday, snapping a recent losing streak, ‌although lacklustre quarterly earnings from conglomerate Reliance ‌and Axis Bank and firmer crude prices linked to an ​Iran war crisis limited upside.

The Nifty 50 was up 0.61% at 24,040.95, and the BSE Sensex added 0.62% to 77,127.33, as of 9:24 a.m. IST.

Fourteen ‌of the 16 ⁠major sectors logged gains at the open, the broader small-caps and mid-caps climbed ⁠1% each.

Shares of Sun Pharma climbed 4.3% after the Indian pharmaceutical company said it would acquire ​U.S.-listed drugmaker ​Organon in a roughly $11.8 ​billion deal. Pharma index ‌rose 2%.

Axis Bank fell 4.1% after the lender reported a marginal drop in fourth-quarter profit over the weekend.

Reliance Industries recouped early losses of 1% to trade flat after the oil-to-telecom conglomerate missed ‌quarterly profit expectations on Friday.

Both ​benchmark indexes lost 2.7% ​each in the ​previous three sessions, as higher crude ‌prices due to the Iran ​war crisis ​and weak earnings outlook by software companies such as Infosys and HCLTech weighed on risk ​sentiment.

Brent crude traded ‌at roughly $106 a barrel after stalled U.S.-Iran ​peace negotiations.

(Reporting by Bharath Rajeswaran in Bengaluru; ​Editing by Sherry Jacob-Phillips)

### Related Stocks

- [RS.US](https://longbridge.com/en/quote/RS.US.md)
- [RELI.US](https://longbridge.com/en/quote/RELI.US.md)
- [AXS.US](https://longbridge.com/en/quote/AXS.US.md)
- [AXS-E.US](https://longbridge.com/en/quote/AXS-E.US.md)
- [INDY.US](https://longbridge.com/en/quote/INDY.US.md)
- [IND.US](https://longbridge.com/en/quote/IND.US.md)
- [OGN.US](https://longbridge.com/en/quote/OGN.US.md)
- [INFY.US](https://longbridge.com/en/quote/INFY.US.md)

## Related News & Research

- [Northwestern Mutual Wealth Management Co. Purchases 268,139 Shares of Reliance, Inc. $RS](https://longbridge.com/en/news/286744099.md)
- [India's peak power demand crosses projected 270 GW amid heatwave](https://longbridge.com/en/news/287231998.md)
- [Indian Shares Likely To Drift Lower On Bond Market Jitters](https://longbridge.com/en/news/286994741.md)
- [India hikes petrol and diesel prices by about 3 rupees/litre, retailers say](https://longbridge.com/en/news/286498965.md)
- [GOP Senator Bill Cassidy Helps Dems Advance Bill To End Iran War](https://longbridge.com/en/news/286974267.md)