Stock Markets Rebound, Ending 2-Day Losing Streak on Buying in IT Firms; Sensex Jumps 331 Points
Technology stocks led the rebound as the Nifty IT index surged 3.5%, while the Sensex and Nifty snapped a two-session losing streak.
- Indian equity benchmarks BSE Sensex and NSE Nifty rebounded on Friday, snapping a two-session losing streak as the BSE Sensex climbed 0.43% to 77,264.51.
- Technology stocks drove the rally, with the Nifty IT index surging 3.5% as investors responded to supportive global cues; Nvidia's strong earnings reinforced optimism regarding sustained AI-related investments.
- Among BSE sectoral indices, Focused IT surged 3.42% and Information Technology jumped 3.32%, while laggards included ICICI Bank, UltraTech Cement, Asian Paints, and ITC.
- According to Vinod Nair, Head of Research at Geojit Investments Ltd, investor participation remained selective as markets awaited Fed Chair comments at the Jackson Hole symposium.
- Global markets provided a mixed backdrop, with Europe trading in positive territory while Japan's Nikkei and Hong Kong's Hang Seng settled higher; South Korea's Kospi and Shanghai's SSE Composite finished lower.
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Market wrap: TCS, Tech Mahindra, ICICI Bank, ITC top gainers and losers on Nifty and Sensex on Friday
Indian equities rebounded on Friday, ending a two-session losing streak as heavyweight IT stocks led gains. Nifty rose 0.35% to 24,175.65, while Sensex gained 0.43% to 77,264.51. Analysts expect consolidation amid mixed global cues and geopolitical uncertainty.
Nifty Closes 85 Points Up, Sensex Gains 331 Points as IT Stocks Track Global Tech Rally
Get latest articles and stories on Business at LatestLY. The equity markets ended higher on Friday, supported by a strong rally in IT stocks as investors tracked gains in global technology shares. The Nifty 50 closed at 24,175.65, gaining 84.80 points, or 0.35%, while the BSE Sensex rose 330.92 points, or 0.43%, to close at 77,264.51. Business News | Nifty Closes 85 Points Up, Sensex Gains 331 Points as IT Stocks Track Global Tech Rally.
Sensex, Nifty Rebound After Two-Day Slide as IT, Pharma and Metal Stocks Lift Sentiment - Business News Week
Mumbai, August 28, 2026: Indian equities bounced back on Friday, with the benchmark Sensex and Nifty 50 breaking a two-session losing run as investors returned to select sectors, particularly information technology, pharmaceuticals and metals. The Sensex climbed 330.92 points, or 0.43 per cent, to 77,264.51, while the Nifty 50 rose 84.80 points, or 0.35 per […] The post Sensex, Nifty Rebound After Two-Day Slide as IT, Pharma and Metal Stocks Lif…
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