Sensex Snaps Two-Day Losing Streak Amid Tech Surge
What Happened
Indian equities ended higher on Friday, recovering from the previous session's sharp volatility. The Sensex rose 330.92 points (0.43%) to 77,264.51, while the Nifty gained 84.80 points (0.35%) to close at 24,175.65. Strong buying in IT stocks such as TCS, Infosys, Tech Mahindra, Wipro and HCLTech drove the rally, while FMCG and select banking stocks remained under pressure.
Key Takeaways
The market bounced back after Thursday's wild expiry-day swings, but the gains were largely concentrated in IT stocks. Broader markets remained muted, suggesting investors are still cautious amid global uncertainties and ahead of key signals from the US Federal Reserve.