BSE Sensex closed 2,256.94 points higher at 72,813.24, up 3.11%, while NSE Nifty added 625.7 points to 22,309.53, a 2.77% gain, after a week of robust gains across the market.
TCS, the highest‑valued IT firm, saw its market capitalisation rise by ₹1,08,542.63 crore, pushing the total to ₹8,91,134.96 crore. The jump eclipsed analysts’ consensus of a 0.5% weekly lift, reflecting stronger‑than‑expected September earnings, as per the BSE filing.
Bharti Airtel added ₹61,406.53 crore to a valuation of ₹11,88,815.45 crore, while Infosys climbed ₹55,893.05 crore to reach ₹4,71,409.41 crore. Reliance Industries also added ₹53,047.56 crore, maintaining its top spot at ₹16,37,437.19 crore, according to the same filing.
The IT sector’s surge followed a sharp rebound in earnings; Ponmudi R, CEO of Enrich Money, told PTI that the rally was driven by renewed buying after September results. Banks like HDFC Bank and ICICI Bank added ₹32,379.05 crore and ₹30,769.95 crore respectively, bolstering the financials.
Larsen & Toubro became the sole top‑10 company to see a decline, with market value falling ₹9,232.26 crore to ₹4,99,725.06 crore. Looking ahead, analysts expect the IT sector to sustain gains into Q4, with upcoming earnings dates adding further demand for shares.