Stories
Sensex Surges Over 900 Points And Nifty Crosses 22,550 Led By IT And FMCG
- •Indian equity benchmarks recovered sharply, with the Sensex rising 926.46 points to trade at 72,519.70 and the Nifty advancing to 22,554.35.
- •Information technology and FMCG stocks led the market rally, supported by a 3.03% jump in the Nifty IT index following strong quarterly results from TCS.
- •Broader markets traded positively, with the Nifty Midcap 100 gaining 1.67% and the Nifty Smallcap 100 rising 0.72%.
- •Banking, financial services, and automobile shares also contributed to the gains, while India VIX declined by 5.43% to ease volatility concerns.
Key Questions Answered
Indian equity benchmarks extended their gains on Friday, October 9, 2026, recovering from the previous session's sharp sell-off, with the Sensex surging over 900 points and the Nifty moving above 22,550. Information technology and FMCG stocks led the rally, supported by buying across banking, automobile, and financial services shares.
TCS reported a 14.9% year-on-year increase in consolidated net profit to Rs 13,884 crore, alongside an 11.2% rise in revenue to Rs 73,188 crore. These strong financial results helped fuel a broader rally across information technology stocks in the market.
Despite concerns over the US government's suspension of new applications under the Permanent Labour Certification (PERM) programme for several major technology companies, TCS indicated that these restrictions are unlikely to materially affect its workforce strategy or customer engagements.
