Sensex, Nifty rally after prolonged slump: IT stocks, Rupee gains lift market sentiment
India, Oct. 13 -- Information technology stocks emerged as the biggest gainers of the session, supported by stronger-than-expected July-September quarter results.
Other major gainers included Hindustan Unilever (HUL), Titan, Bajaj Finserv, State Bank of India (SBI), HDFC Bank, Mahindra & Mahindra (M&M) and ICICI Bank.
According to a LiveMint report, Indian equities advanced as stronger-than-expected technology earnings boosted confidence in corporate profit growth and lifted large-cap stocks.
The report also cited rupee stability and easing bond yields as additional factors supporting market sentiment, with financial stocks attracting investor attention.
Indian Rupee Rises for Third Consecutive Session
The Indian rupee also extended ...
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