Sensex Closes on Higher Note
India’s BSE Sensex closed about 1.2% firmer at 72,472 on Friday, reversing its subdued performance over the previous two sessions, amid broad-based gains and also helped by lower oil prices. Global market sentiment improved after President Donald Trump said the US will not strike Iran before the November 3 midterms and described talks as productive. Tech stocks powered the recovery, led by TCS, which rallied 4.2% after reporting stronger-than-expected Q2 FY27 results. Infosys (3%), HCL Tech (2.8%) and Tech Mahindra (1.4%) also performed solidly. The tech sector had been under pressure amid concerns over the US green-card restrictions and the outlook for technology spending. Gains in banking, financials and FMCG stocks also provided support.
2% firmer at 72,472 on Friday, reversing its subdued performance over the previous two sessions, amid broad-based gains and also helped by lower oil prices. Global market sentiment improved after President Donald Trump said the US will not strike Iran before the November 3 midterms and described talks as productive. 2% after reporting stronger-than-expected Q2 FY27 results. 4%) also performed solidly.
The tech sector had been under pressure amid concerns over the US green-card restrictions and the outlook for technology spending. Gains in banking, financials and FMCG stocks also provided support.