Archive · 9 Oct 2026
Sensex and Nifty Rebound as IT Stocks Lead Rally
Indian stocks rose strongly on Friday after falling sharply in recent sessions.
The Sensex and Nifty both gained more than 1%.
Technology shares led the rise, and TCS was among the notable gainers after reporting higher July–September profits.
Shares in several other sectors also advanced, although oil and gas stocks fell in some market reports.
Lower crude prices and investors buying after the recent drop helped sentiment.
One report said the indices ended the week higher, breaking an eight-week losing streak.
Analysts still cautioned that foreign investors were selling and global bond yields remained high.
They said upcoming company results and economic data could help show whether the recovery lasts.
On Friday, the Sensex rose 879.09 points (1.23%) to 72,472.33, and the Nifty gained 288.65 points (1.30%) to 22,520.45.
IT shares led the advance, with the Nifty IT index up about 3%; TCS shares rose after the company reported July–September net profit of ₹13,884 crore.
The rally followed sharp recent losses; one report said the benchmark indices recouped nearly two-thirds of the previous session’s decline.
Reports cited easing crude prices, value buying and short covering as supports; quoted Brent prices ranged from about $102 to $103.25 per barrel.
Analysts called the rebound a relief rally and cautioned that foreign investor outflows and elevated global bond yields could limit a sustained recovery.
- Who
- Investors in Indian markets; Tata Consultancy Services and other IT companies were prominent.
- What
- The Sensex and Nifty rebounded, gaining 1.23% and 1.30%, respectively.
- When
- Friday, October 9, according to one report.
- Where
- Indian stock markets.
- Why
- Reports cited IT-sector strength following TCS results, buying after recent declines, short covering and easing crude prices.
Reasons for optimism
Reasons for caution
Whether the rebound can last
Reasons for optimism
IT gains, TCS’s results, buying after the recent correction, short covering and softer crude prices supported the rally.
Reasons for caution
Analysts described the rise as a relief rally and said foreign investor outflows, elevated global bond yields and the need for sustained strength could limit recovery.
Market signals and risks
Reasons for optimism
Broad market gains and a positive week for the benchmark indices pointed to improved near-term sentiment.
Reasons for caution
Analysts said future earnings and domestic CPI data would be important tests; one also identified Nifty resistance around 22,700–22,800 and support around 22,200–22,300.
- Sensex close
- 72,472.33, up 879.09 points (1.23%).
- Nifty close
- 22,520.45, up 288.65 points (1.30%).
- Nifty IT
- Rose about 3.02%.
- TCS July–September net profit
- ₹13,884 crore; reports described the rise as 15% year over year and 4% quarter over quarter.
- Brent crude
- Reports gave prices ranging from about $102 to $103.25 per barrel; one reported a 1.32% decline to $102.90.
- Weekly performance
- The Sensex rose 0.78% and the Nifty 0.44%; one report said the gains ended an eight-week losing streak.
- Investor flows
- One report cited foreign portfolio investor sales of ₹3,568.90 crore and domestic institutional purchases of ₹4,743.26 crore; another reported foreign institutional sales of ₹12,943.58 crore on Thursday.
