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Sensex Surges 650 Points and Nifty Crosses 22,800 Driven by Strong IT Shares Buying
M
Moneycontrol•15-10-2026, 09:53
Sensex Surges 650 Points and Nifty Crosses 22,800 Driven by Strong IT Shares Buying
- •Benchmark indices Sensex and Nifty traded higher by up to 0.7 percent on October 15, with Sensex climbing 653.28 points to reach 73,435.17 and Nifty rising 181.10 points to surpass 22,800.
- •A major catalyst for the market rally was strong buying in IT shares, pushing the IT index up by 1.5 percent and marking a three-session surge of about 7.8 percent following positive earnings results from HCLTech.
- •Value buying at lower levels provided additional support to the market as indices traded near their six-month lows.
- •Market analysts noted that technical indicators remain stable, emphasizing that bearish sentiment will only emerge if Nifty trades below the crucial 22,600 mark.
Key Questions Answered
Benchmark indices Sensex and Nifty traded in the green due to several factors, including strong buying in IT shares, value buying near six-month lows, and positive technical indicators.
The IT index gained 1.5%, bringing its cumulative rise over three sessions to approximately 7.8% following upbeat financial results from HCLTech.
Market analysts stated that bearish sentiment will only emerge in the stock markets if the Nifty trades below the 22,600 mark.
