After slipping for two consecutive sessions, India's equity markets turned positive on Friday, with the BSE Sensex closing at 73,562, up 331 points, and the NSE Nifty rising 115 points. The rally was anchored by a surge in information‑technology stocks, led by market leaders such as TCS, Infosys, and Wipro, which posted gains of between 2% and 4% on the day. The buying pressure in the IT sector was attributed to renewed optimism about foreign portfolio inflows and a softer dollar, which improves the earnings outlook for export‑oriented software firms.
The bounce also reflected a broader recovery in global equity markets, where Asian peers posted modest gains after a week of mixed performance. Analysts noted that the improved risk sentiment, coupled with a stable domestic macro environment, helped lift investor confidence. Volume data showed a higher-than-average turnover, indicating that both institutional and retail participants were actively buying into the market rally. The rebound capped a two‑day losing streak that saw the Sensex slide by a cumulative 600 points, marking the longest decline since early March.
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While the IT sector led the gains, other heavyweight indices such as banking and FMCG also posted modest upticks, suggesting a more balanced recovery across sectors. The market’s upward trajectory was further supported by a marginal easing in crude oil prices, which eased inflation concerns and bolstered sentiment among domestic investors.
