Market wrap: Tech Mahindra, TCS, InterGlobe, BSE top gainers and losers on Nifty and Sensex on Friday
Indian equities extended gains as strong IT earnings lifted sentiment, with the Nifty rising 149 points to 23,146 and Sensex gaining 413 points. Tech Mahindra led advances, while broader markets slipped. Analysts flagged 23,000 as crucial for further upside.
Indian equities extended their recovery, led by sustained buying in IT stocks, as strong quarterly results and upbeat management commentary reinforced confidence in the sector’s earnings outlook.The Nifty 50 gained 149 points, or 0.65%, to settle at 23,146, while the BSE Sensex advanced 413 points, or 0.56%, to close at 74,729.Broader markets, however, ended marginally lower, with the Nifty Smallcap 100 slipping 0.01% and the Nifty Midcap 100 declining 0.11%.Among sectoral indices, the Nifty IT outperformed the broader market, ending nearly 4% higher.Overall market breadth remained positive on the NSE, with 2,131 stocks advancing against 1,422 declining, while 116 stocks remained unchanged out of a total of 3,669 stocks traded.Live EventsHere are today’s top gainers on the NiftyAgenciesHere are today’s top gainers on the SensexAgenciesHere are today’s top losers on the NiftyAgenciesHere are today’s top losers on the SensexAgenciesTechnical ViewFollowing Thursday’s consolidation breakout, Nifty witnessed follow-up buying interest from the 22,900 levels, indicating improving near-term sentiment.
