Stories
Indian Markets Stage Strong Comeback as Sensex Surges and Tech Mahindra Beats Estimates
- •Indian equities staged a strong recovery on Thursday, with the Sensex surging over 1,500 points and the Nifty reclaiming the crucial 23,000 mark.
- •Global AI chip stocks faced a massive sell-off, led by South Korean chipmaker SK Hynix plunging nearly 60 percent from its peak in four months.
- •Tech Mahindra reported an 8.2 percent quarter-on-quarter rise in consolidated net profit to ₹1,586 crore for the September quarter, beating street estimates.
- •Market focus remains on upcoming corporate earnings, Wipro growth guidance, and developments surrounding the mega Jio IPO.
- •The Indian government remains optimistic about exceeding its disinvestment target of ₹80,000 crore as the IDBI Bank strategic sale nears closure.
Key Questions Answered
Indian equities staged a strong comeback on Thursday, October 15, 2026, with the Sensex surging over 1,500 points and the Nifty reclaiming the 23,000 mark for the first time since September 25. This rally was driven by a confluence of multiple domestic factors and an unwinding of the global artificial intelligence trade that spurred a rotation toward alternative markets.
Tech Mahindra reported an 8.2% quarter-on-quarter increase in its consolidated net profit, reaching ₹1,586 crore for the September quarter compared to ₹1,465 crore in the preceding period. Additionally, its operating margin moved closer to its 15% target, and the board approved both a bonus issue and a dividend.
Yes Bank's existing shareholders could face a financial burden from its ₹8,400 crore Additional Tier-1 bond liability if new investor Sumitomo Mitsui Banking Corporation is protected from pre-investment liabilities. According to Senior Advocate HP Ranina, this liability could put heavy pressure on shareholders following a Supreme Court ruling.
