The Sensex and Nifty both ended higher on Friday, with the Sensex closing 330.92 points, or 0.43%, up at 77,264.51 as IT stocks staged a sharp rebound.
The Nifty50 rose 84.80 points, or 0.35%, to close at 24,175.65, breaking a two-day losing streak for the broader market.
The Nifty IT index gained more than 3% during the session, the strongest sectoral move of the day and the main driver behind the index-level gains.
TCS led the rally with a 4.16% rise, followed by Tech Mahindra up 3.53%, Infosys up 2.99%, HCL Technologies up 2.66% and Wipro up 2.58%.
Pharma and metal shares also closed higher, adding to a broadly positive session for the market ahead of the weekend.
Trading will resume on Monday, with Indian markets closed over the weekend.
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.
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.
Photo of the BSE building at Dalal Street, Wikimedia Commons, CC BY-SA 3.0
