In mid-morning trading, the Nifty 50 index climbed 34 points to 23,719.40, reflecting a positive sentiment following a record-breaking session on Wall Street. The S&P BSE Sensex also saw a modest increase of 73.05 points, reaching 75,470.01. Despite these gains, the broader market lagged, with both the BSE 150 MidCap Index and BSE 250 SmallCap Index recording slight declines. The IT sector led the gains, with the Nifty IT index rising 2.10% after a four-day downturn. However, concerns over a weak Indian rupee, which fell to 95.9375 against the dollar, and rising crude oil prices, which saw Brent crude increase to $106.98 per barrel, limited further market advances. Additionally, petrol and diesel prices were hiked across India, with Delhi's petrol now costing ₹97.77 per liter. Notably, Apollo Tyres announced a significant 241.76% year-on-year profit increase for Q4 FY26, while Sheela Foam's shares surged by 16.21% following strong quarterly results. Meanwhile, global markets reacted positively to the ongoing Trump-Xi summit, despite some declines in Asian markets.