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Sensex Jumps 500 Points And Nifty Reclaims 23000 Driven By IT And RIL Buying
M
Moneycontrol•21-10-2026, 10:03
Sensex Jumps 500 Points And Nifty Reclaims 23000 Driven By IT And RIL Buying
- •Benchmark indices Sensex and Nifty climbed up to 0.7 percent on October 21 supported by strong buying in IT and Reliance Industries shares.
- •The IT index surged 2.2 percent with L&T Technology Services leading the gains after reporting stellar revenue and profit growth for the September quarter.
- •L&T Technology Services anticipates a robust second half for fiscal year 2027 driven by improving order backlogs and large deal wins.
- •Reliance Industries shares advanced 2 percent following the rapid full subscription of Jio Platforms' massive IPO.
- •Market analysts noted that as long as the Nifty remains above the 23000 mark, the overall market trend will stay bullish.
Key Questions Answered
Benchmark indices Sensex and Nifty rose up to 0.7% on October 21 due to buying in IT and Reliance Industries shares, alongside positive technical factors.
L&T Technology Services reported a 19.6% rise in net profit from continuing operations to Rs 380 crore, with consolidated revenue increasing to Rs 3,040 crore.
Reliance Industries shares rose 2% because Jio Platforms' Rs 30,200-crore IPO was fully subscribed within minutes.
