The BSE closed the Sensex at 73,034, a 1.5% gain from 71,925, after a last‑hour surge that lifted the index over 1,100 points. Nifty finished 359 points higher at 22,722, breaking the 22,700 barrier for the first time since late February.
HCL Technologies posted an 8.5% share price rise to ₹1,320 after reporting a Q2 EPS of ₹18.40 versus the consensus of ₹17.00, while Tata Consultancy Services jumped nearly 10% to ₹3,400 following a 12% YoY revenue lift. Both firms’ gains marked the largest single‑day moves for IT names since May 2025.
The Midcap index gained 624 points to 59,459, and the Nifty Bank index added 563 points to 55,481, reflecting a 1:1.2 advance‑decline ratio that shows breadth in the rally. Bank stocks like Kotak Mahindra and Power Grid also contributed to the lift.
Sector‑level analysis shows the Nifty IT index up 3.5% against a 1.8% weekly average, while the broader Nifty rose 1.6% versus the 0.9% gain seen in the last session. The IT rally helped offset modest gains in consumer staples, which moved only 0.7%.
Traders now focus on upcoming Q3 earnings, with HCLTech and TCS slated for release next week. Analysts from Edelweiss and Motilal Oswal expect continued upside if the firms sustain revenue growth, but caution remains over potential regulatory shifts in the digital payments space that could weigh on the payment‑tech sub‑sector.
Market sentiment is cautiously optimistic; the BSE’s intra‑day high of 73,500 suggests room for further upside, while the overnight gap up indicates institutional confidence in sustained IT momentum.