Photo of the BSE building at Dalal Street, Wikimedia Commons, CC BY-SA 3.0
TCS and Tech Mahindra led a broad IT rally that pushed the Sensex up 330.92 points, or 0.43%, to close at 77,264.51 on Friday.
The Nifty50 also ended higher, rising 84.80 points, or 0.35%, to close at 24,175.65 as the two-day losing streak that had gripped both indices came to an end.
The Nifty IT index was the day’s best-performing sector gauge, gaining more than 3% as technology stocks tracked a wider global rally.
TCS closed 4.16% higher, the top gainer among the majors, with Tech Mahindra up 3.53%, Infosys up 2.99%, HCL Technologies up 2.66% and Wipro up 2.58%.
Pharma and metal stocks added to the positive momentum, helping the benchmark indices finish the week on a strong note.
Trading resumes on Monday, with Indian markets closed over the weekend.
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.
TCS closed 4.16% higher, followed by Tech Mahindra with a 3.53% gain, Infosys up 2.99%, HCL Technologies 2.66% higher and Wipro adding 2.58%.
Photo of the BSE building at Dalal Street, Wikimedia Commons, CC BY-SA 3.0
