Sensex Today | Nifty 50 | Indian Stock Market Live: Sensex Jumps 854 Points, Nifty Rallies 284 Points After Rs 10 Lakh Crore Wealth Erosion; Check 5 Key Reasons
India, Oct. 9 -- Indian stock markets staged a strong recovery on Friday, October 9, after Thursday's sharp sell-off erased more than Rs 10 lakh crore in investor wealth. The Sensex rose as much as 854 points to 72,447.61, while the Nifty 50 gained 284 points to an intraday high of 22,515.95.
The rebound was driven by gains in information technology stocks, softer crude oil prices and some relief over the immediate risk of further military escalation involving the US and Iran. Here are five major factors influencing the stock market today.
1. IT Stocks Rally After TCS Results
Information technology shares led the market recovery after Tata Consultancy Services (TCS) reported its September-quarter results for FY27. The company's consoli...
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