Sensex Today | Stock Market LIVE Updates: IT will be the sector to watch today as stocks react to multiple developments, from H-1B to OpenAI disclosures and most importantly, results from TCS, which were largely in-line with expectations. The Nifty Bank is stronger than the Nifty and is even holding
The Sensex rose 879 points to close at 72,472, while the Nifty gained 289 points to settle at 22,520.
Both benchmarks advanced nearly 1%, snapping an eight-week losing streak. Nifty Bank index did even better, adding over 1% to end at 55,257.
Most sectoral indices ending in the green barring oil and gas. Market breadth favoured advances, with an advance-decline ratio of 3:2.
The IT index rose 3% after TCS reported in-line second-quarter results and a sell-off in global chip shares lifted domestic tech stocks.
Nifty’s top gainers were Trent, Kotak Bank, TCS, Bharti Airtel and ITC, while Adani Enterprises, Max Health, JSW Steel, Hindalco and BEL were the biggest laggards.
On the downside, BSE fell over 1% ahead of the final CAS paper from SEBI, Anand Rathi slipped 5% before its Q2 results, and Avenue Supermarts ended 2% lower.