Sensex today | Stock Market Highlights: Sensex gains 413 pts, Nifty ends at 23,146 led by strong buying in IT firms
Sensex, Nifty, Share Prices Highlights: 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.
On October 16, 2026, the Sensex and Nifty indices experienced significant gains, with the Sensex settling 413.66 points or 0.56% higher at 74,729.27, while the Nifty 50 rose 148.80 points or 0.65% to 23,146.15. Over the course of the week, the Sensex gained 3.11% and the Nifty 50 rose 2.77%.
Notable performers in the IT sector included Tech Mahindra, which surged 8.45% after reporting a 32.74% jump in consolidated net profit to Rs 1,585.6 crore for the July-September quarter of FY27. This strong performance was attributed to volume growth, cost savings, and rupee depreciation, which boosted operating profit.
The rupee ended the day up 0.1% at 94.96 per US dollar, up from the previous close of 95.05. In Asian markets, South Korea's Kospi, Japan's 225 index, Shanghai's SSE Composite index, and Hang Seng index all rebounded and ended in positive territory.
Other significant developments included Piccadily Agro securing CRISIL A+/Stable and A1 ratings for a ₹400-crore bank facility, Bajaj Housing Finance reporting a 17.7% increase in net profit for the quarter ended September 2026, and Omaxe Ltd signing an initial pact with Lemon Tree Hotels to manage 10 hospitality projects with an investment of Rs 4,000 crore.
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