Nifty hit 22,915.15, up 292 points (1.29%), and Sensex closed at 73,777.19, up 995 points (1.37%) in early trade, reflecting a sharp rally that mirrored global cues.
Brent crude futures fell $1.76, or 1.75%, to $104 a barrel, while WTI slipped $1.02, or 1.07%, to $94.07, easing pressure on energy‑cost‑sensitive stocks.
IT names TCS, Infosys, HCL Tech and Tech Mahindra advanced for a third straight session, a lift that came as AI‑linked shares shed ground.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, warned that foreign institutional investors trading out of AI names could reverse their sell‑off of Indian equities if the fiscal environment improves.
The rupee moved up 0.2% to 94.92 per dollar after RBI’s recent interventions; the currency’s rally helped temper global equity volatility.
Looking ahead, traders will monitor the upcoming RBI policy meeting, the next earnings cycle for IT giants, and any shifts in AI‑sector sentiment that could sustain the early‑day gains.