A sharp rally in IT stocks pushed the Sensex 330.92 points higher, or 0.43%, to close at 77,264.51 on Friday, ending a two-day run of losses for the benchmark index.
The Nifty50 closed the session 84.80 points, or 0.35%, higher at 24,175.65, with technology shares doing the bulk of the heavy lifting.
The Nifty IT index climbed more than 3% on the day, the standout sectoral performance that carried both benchmarks into positive territory.
TCS was the top gainer among IT majors, closing 4.16% higher, while Tech Mahindra rose 3.53%, Infosys gained 2.99%, HCL Technologies added 2.66% and Wipro rose 2.58%.
Pharma and metal stocks also chipped in with gains, rounding out a broadly positive session that snapped the recent losing streak heading into the weekend.
Markets will remain shut on Saturday and Sunday, with trading set to resume on Monday.
The Nifty IT index rose more than 3% during the session, emerging as the single biggest driver of the day’s overall gains.
Pharma and metal shares also contributed to the advance, helping the benchmark indices snap a two-day losing streak heading into the weekend.
The rally in IT stocks tracked a broader global technology rebound, with sentiment improving after a stretch of subdued trading in the sector.
Friday’s close leaves the Sensex and Nifty higher for the week overall, even after the two-session dip earlier that had weighed on the indices.
Markets in India remain closed on Saturday and Sunday, with the next trading session set to resume on Monday.
Foreign and domestic institutional investor activity through the week continued to shape sentiment, alongside the ongoing earnings season commentary from IT majors.
Broader market breadth was also positive on the day, with gains seen across a wide range of sectors beyond the IT-led rally.
Analysts pointed to the tech-led bounce as a sign of stabilising sentiment after recent volatility tied to global cues and sector-specific concerns.
Photo of the BSE building at Dalal Street, Wikimedia Commons, CC BY-SA 3.0
Discover more from Times Release
Subscribe to get the latest posts sent to your email.