Sensex and Nifty rally on IT stocks and lower crude oil
Sensex rose 518.84 points to 76,589.68 and Nifty gained 157.75 points to 23,738.90, driven by strong IT stocks and a decline in crude oil prices. Major gainers included Tata Consultancy Services and Infosys, while HDFC Bank lagged.
after close1 source ↓written by the desknot a recommendation
- gaining
- 518.84 points
- 76,589.68
- rising
- 157.75 points
- 23,738.90
- in Brent crude
- 1.46% decline
Stock market indices Sensex and Nifty surged in early trade, with the BSE Sensex gaining 518.84 points to 76,589.68 and the NSE Nifty rising 157.75 points to 23,738.90. This rally was driven by a sharp increase in IT stocks and a 1.46% decline in Brent crude prices to USD 101.9 per barrel, boosting market sentiment.
• Major gainers included Tata Consultancy Services, HCL Tech, and Infosys.
• Lagging stocks were HDFC Bank and ICICI Bank.
The optimistic trend reflects a positive outlook for traders amid favorable global cues.
Not investment advice. For informational purposes only.