Sensex, Nifty Extend Gains for Second Day as IT Stocks Lead Rally
Indian benchmark indices Sensex and Nifty extended gains for the second consecutive day, with IT stocks including HCLTech and Tech Mahindra leading the rally amid a firmer rupee.
Key Points
- Sensex closed at 73,319.55, up 185.23 points (0.25%)
- Nifty 50 settled at 22,713.10, up 33.70 points (0.15%)
- IT stocks led the rally with HCLTech and Tech Mahindra as top gainers
- Firmer rupee contributed to positive market sentiment
Full Details
Indian stock markets continued their recovery trajectory for the second straight session on Thursday, bouncing back from early losses. The Nifty 50 rose 33.70 points, or 0.15%, to settle at 22,713.10, while the Sensex gained 185.23 points, or 0.25%, to close at 73,319.55. IT stocks led the market higher, with HCLTech and Tech Mahindra emerging as top gainers on the Nifty. A firmer rupee also contributed to the positive sentiment. The market recovery follows recent volatility triggered by Middle East tensions. This marks a continuation of the rally from the previous trading session.
Why It Matters
The IT sector-led recovery indicates continued investor confidence in India's technology services exports, which remain a key driver of economic growth.
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