Sensex Rebounds 800 Points, Nifty Reclaims 22,450 as IT Stocks Shine

Mumbai: Indian equity markets rebounded strongly on Friday morning, with the Sensex gaining around 800 points and the Nifty rising above 22,450. Buying in information technology stocks and easing crude oil prices helped sustain the recovery following Thursday's significant sell-off. Technology shares led the market's gains. Nifty IT index surged 2.9% in the early trading, while TCS increased 3.5% after unveiling strong AI-related revenue and international business growth in its latest quarterly results.

Previously, the Sensex was at 71,906.22, up 0.46%, and the Nifty stood at 22,339.50, up 0.49%. Both indexes proceeded to extend their gains. The recovery followed Thursday's sharp market decline, when Sensex fell 1,045.46 points, or 1.44%, closing at 71,593.24, and Nifty dropped 371.25 points, or 1.64%, settling at 22,231.80. The previous day's decline was triggered by concerns over rising crude oil prices, higher global bond yields, and continued foreign investor selling.

Despite Friday's bounce, investors remain vigilant, keeping a close eye on developments in West Asia, oil prices, and foreign institutional flows.