Archive · 28 Aug 2026
Sensex, Nifty Rise as IT Stocks Lead Early Trade
Indian stock markets started Friday a little higher.
The Sensex and Nifty are measures that show how major shares are performing.
Technology companies helped push the indexes up.
Tech Mahindra, Tata Consultancy Services and Infosys were among the strongest stocks.
The Nifty IT index rose by more than 1%.
Smaller-company indexes also gained slightly.
Investors were waiting for comments at the Jackson Hole Symposium about US interest rates.
Higher Brent crude prices and uncertainty about reopening the Strait of Hormuz remained concerns.
The Sensex rose 193.02 points, or 0.25%, to 77,126.61 in early trade.
The Nifty gained 33.80 points, or 0.14%, to 24,124.65.
Tech Mahindra, Tata Consultancy Services and Infosys led gains among Nifty stocks.
The Nifty IT index advanced more than 1%, while private banks and financial services underperformed.
Investors monitored Jackson Hole remarks, US interest-rate signals and uncertainty over reopening the Strait of Hormuz.
- Who
- Indian investors, market participants, experts and technology companies listed on the Nifty.
- What
- The Sensex and Nifty opened higher, led by gains in information technology shares.
- When
- Friday morning during early trade.
- Where
- Mumbai, India.
- Why
- IT stock gains supported the market, while investors watched US monetary-policy signals and remained concerned about Brent crude prices and Strait of Hormuz uncertainty.
Factors Supporting Markets
Factors Creating Caution
Technology-led gains
Factors Supporting Markets
Tech Mahindra, Tata Consultancy Services and Infosys led the Nifty higher, while the Nifty IT index advanced more than 1%.
Factors Creating Caution
The gains were limited in early trade, with Nifty Private Bank and Nifty Financial Services underperforming.
Interest-rate outlook
Factors Supporting Markets
Investors were monitoring the Jackson Hole Symposium for signals that could influence global equity markets.
Factors Creating Caution
Uncertainty about the US Federal Reserve’s interest-rate outlook and broader monetary policy encouraged caution.
Oil and Hormuz uncertainty
Factors Supporting Markets
The broader market opened positively, with the Nifty MidCap and Nifty SmallCap indexes also gaining.
Factors Creating Caution
Brent crude climbed above $89, and an analyst said the lack of diplomatic solutions to reopening the Strait of Hormuz was weighing on sentiment.
- Sensex
- Rose 193.02 points, or 0.25%, to 77,126.61 in early trade.
- Nifty
- Gained 33.80 points, or 0.14%, to 24,124.65.
- Leading stocks
- Tech Mahindra, Tata Consultancy Services and Infosys were the top Nifty performers.
- Nifty IT
- Advanced more than 1%, outperforming the broader market.
- Broader market
- The Nifty MidCap index rose 0.03% and the Nifty SmallCap index gained 0.16%.
- Technical levels
- Put open interest was concentrated at 24,000 and 23,800, while Call open interest was clustered at 24,200 and 24,300.
- Crude oil
- Brent crude rose above $89 amid a lack of clarity over reopening the Strait of Hormuz.
