Mumbai, Oct. 16 -- Benchmark indices Sensex and Nifty closed higher for the second straight day on Friday, driven by strong buying in IT stocks amid firm global trends.
The 30-share BSE Sensex climbed 413.66 points, or 0.56 per cent, to close at 74,729.27, with 17 constituents up, 13 down, and one unchanged.
The 50-share NSE Nifty was up 148.80 points, or 0.65 per cent, to end at 23,146.15.
Among the 30 Sensex firms, Tech Mahindra surged the most, up by 8.45 per cent after the IT services firm reported a 32.74 per cent jump in consolidated net profit to Rs 1,585.6 crore for the July-September quarter of FY27, as strong volume growth, cost savings, and rupee depreciation lifted operating profit.
TCS jumped 4.61 per cent and Infosys rallied 4.55 per cent. HCL Tech rose 1.08 per cent. Bharti Airtel, Mahindra & Mahindra, and Bajaj Finance were also among the major winners..
InterGlobe Aviation, Reliance Industries, Asian Paints and Bharat Electronics were among the biggest laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,285.37 crore on Thursday, according to exchange data.
Brent crude, the global oil benchmark, declined 0.30 per cent to $105.6 per barrel.
Broader markets declined as the BSE MidCap Select index dipped 0.37 per cent and SmallCap Select index was down 0.14 per cent.
Among BSE sectoral indices, IT jumped 3.38 per cent, Focused IT climbed 3.29 per cent, Telecommunication 1.56 per cent, Metal 0.78 per cent, Auto 0.77 per cent, Commodities 0.70 per cent and PSU Bank 0.55 per cent.
Housing Finance tanked 1.19 per cent, Hospitals declined 0.78 per cent, Services 0.72 per cent, Consumer Durables 0.62 per cent, Energy 0.64 per cent and FMCG 0.44 per cent.
A total of 2,404 stocks advanced, while 1,962 declined and 250 remained unchanged on the BSE.
On the weekly front, the BSE benchmark surged 2,256.94 points, or 3.11 per cent, and the Nifty jumped 625.7 points, or 2.77
per cent.
Published by HT Digital Content Services with permission from Millennium Post.