Sensex Vaults Past 90,000 For The First Time As IT Stocks Lead Rally
A blistering session on Dalal Street saw the benchmark index gain 1,247 points, powered by strong quarterly guidance from top IT firms.
MUMBAI — The BSE Sensex closed at 90,318 on Friday, registering its biggest single-day gain in four months. The Nifty 50 also breached the 27,500 mark intraday. Key takeaways are covered across 3 sections below, with quotes and context from our newsroom.
MUMBAI — The BSE Sensex closed at 90,318 on Friday, registering its biggest single-day gain in four months. The Nifty 50 also breached the 27,500 mark intraday.
Analysts attributed the surge to upbeat commentary from Infosys and TCS on AI-led deal pipelines, alongside renewed foreign institutional buying after a softer-than-expected US inflation print.
'The market is pricing in a soft landing globally and an India-specific earnings upgrade cycle,' said a senior strategist at a domestic brokerage.
