Sensex jumps 500+ points as IT stocks lead rally
Sensex jumps 500+ points as IT stocks lead rally
Indian markets surge with Sensex up over 500 points, led by IT majors; broad gains across sectors boost investor sentiment.
Indian equity benchmarks staged a strong intraday recovery and closed higher, with the Sensex rising more than 500 points as investors shrugged off early weakness. A combination of easing crude oil prices, upbeat global cues, and robust buying in IT stocks fueled the broad rally. Despite earlier dips, the market finished the day in the green, led by information technology names that supported the index.
Top gainers included Tata Consultancy Services, HCL Technologies, and Infosys, along with heavyweights Bharti Airtel, Sun Pharma, and Hindustan Unilever. The breadth was positive with several other index constituents joining the rally as sectors across the board moved higher.
Market watchers noted that sentiment remained optimistic as investors awaited corporate results and policy cues, but cautioned that global headwinds could test gains. The session underscored the pivotal role of IT in driving the rally, while other sectors tracked the uptrend in tandem with crude oil easing and favorable domestic liquidity.
Tuesday's session marked the fourth straight day of gains for Indian equities as domestic liquidity and steady foreign inflows supported risk appetite.
