The Nifty finished the session at 22,556, a 134‑point ascent from the previous close, while the Sensex climbed 473 points to 72,383, snapping a four‑session losing streak.
The rally was spearheaded by heavyweights: Reliance Industries surged more than 4%, ICICI Bank gained 3.2%, and ITC jumped 5.1% after a favorable brokerage note, lifting the index further.
IT stocks, however, struggled to sustain early gains; HCLTech fell 3% following Accenture’s Q4 results, and the broader IT pack saw a slight contraction of 0.8%. Meanwhile, capital‑market names like BSE and Angel One rallied up to 4%, and MOIL’s shares leapt 5% after reporting a 19% YoY increase in September production.
Sector‑wide, the banking segment outperformed with a 2.6% rise, while the midcap index gained 392 points to 59,124, reflecting strong earnings updates from AU Small Finance Bank and Nykaa.
Looking ahead, market participants are eyeing next month’s earnings calendar—especially the upcoming Q2 results from Reliance and ICICI Bank—while analysts expect the IT and banking sectors to remain catalysts for further upside. The NSE will release the next earnings report on May 23, and the BSE will unveil its mid‑quarter outlook on May 28, setting the stage for potential policy and corporate announcements.