Sensex, Nifty snap losing streak as IT stocks rally on Friday

India’s Sensex and Nifty snapped a two-day losing streak on Friday, with the Sensex closing 330.92 points, or 0.43%, higher at 77,264.51.

The Nifty50 gained 84.80 points, or 0.35%, to close the session at 24,175.65, driven largely by a rally in technology stocks.

The Nifty IT index climbed more than 3% on the day, making it the strongest-performing sector gauge and the key driver of the overall market gains.

TCS led the way with a 4.16% gain, followed by Tech Mahindra at 3.53%, Infosys at 2.99%, HCL Technologies at 2.66% and Wipro at 2.58%.

Pharma and metal stocks also closed higher, contributing to the broad-based rally that lifted the market ahead of the weekend.

Trading will resume on Monday, with Indian markets shut for the weekend.

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%.

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.

Photo of the BSE building at Dalal Street, Wikimedia Commons, CC BY-SA 3.0