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Sensex surges 600 points and Nifty crosses 22400 driven by strong IT buying and technical rebound
M
Moneycontrol•09-10-2026, 09:44
Sensex surges 600 points and Nifty crosses 22400 driven by strong IT buying and technical rebound
- •Equity markets traded higher on Friday with benchmark indices staging a technical rebound after previous heavy selloffs.
- •The IT index surged nearly 3 percent with Tata Consultancy Services jumping nearly 4 percent following its Q2 FY27 earnings announcement.
- •Strong positive global cues including higher Wall Street futures contributed to the positive market sentiment.
Key Questions Answered
The equity markets staged a technical rebound following a sharp selloff that had pushed indices into oversold territory and multi-year lows, supported by strong buying in IT shares and positive global cues.
Tata Consultancy Services shares jumped nearly 4 percent in early trade on Friday following the release of its Q2 FY27 earnings, which helped drive a broad-based rally across IT stocks.
The gains in IT shares occurred despite fresh regulatory uncertainty caused by the US government's decision to suspend several technology companies from its Permanent Labor Certification Program.
