Archive · 29 Aug 2026
Nvidia-Fueled IT Rally Lifts Indian Markets Ahead of Fed
Indian stock markets rose on Friday after falling for two days.
The Sensex and Nifty both finished higher.
Technology companies led the gains, especially companies connected to artificial intelligence.
Nvidia reported strong results and gave an optimistic outlook.
This made investors believe that businesses may continue spending money on AI.
Markets around the world also provided helpful signals.
However, some investors were cautious because they were waiting for comments from the US Federal Reserve Chair.
Those comments could offer clues about future interest rates and the availability of money for investment.
The BSE Sensex gained 330.92 points, or 0.43%, to close at 77,264.51 on Friday.
The NSE Nifty rose 84.80 points, or 0.35%, to finish at 24,175.65.
The Nifty IT index surged 3.5%, led by gains in TCS, Infosys, Tech Mahindra and HCL Technologies.
Strong results and an upbeat outlook from Nvidia renewed optimism about sustained artificial-intelligence investment.
Investors remained selective ahead of comments from the US Federal Reserve Chair at the Jackson Hole symposium.
- Who
- Indian equity investors, technology companies, Nvidia, and the US Federal Reserve Chair.
- What
- The Sensex and Nifty rebounded, led by a strong rally in IT stocks.
- When
- Friday; the articles do not provide a calendar date.
- Where
- Indian stock exchanges in Mumbai, with global markets influencing sentiment.
- Why
- Strong Nvidia results and its upbeat outlook supported optimism about AI spending, while positive global cues also helped.
Market Optimists
Cautious Investors
Technology-led recovery
Market Optimists
Strong Nvidia results, its upbeat outlook and positive global cues supported buying in Indian IT stocks.
Cautious Investors
Investors remained selective despite the rally because upcoming US Federal Reserve guidance could affect interest-rate expectations and global liquidity.
AI investment outlook
Market Optimists
The rally reflected optimism that AI-related spending will remain sustained and benefit companies involved in enterprise AI deployment and workflow integration.
Cautious Investors
The articles do not provide a contrary forecast on AI spending, but indicate that investors were waiting for further macroeconomic signals before committing broadly.
- Sensex close
- 77,264.51, up 330.92 points or 0.43%
- Nifty close
- 24,175.65, up 84.80 points or 0.35%
- Nifty IT performance
- Rose 3.5%
- Major IT gainers
- Tata Consultancy Services, Infosys, Tech Mahindra and HCL Technologies
- Global catalyst
- Nvidia's strong results and upbeat outlook
- Investor concern
- Upcoming comments from the US Federal Reserve Chair at the Jackson Hole symposium
- Previous market trend
- The indices had declined for two consecutive sessions before Friday's rebound