Nifty IT Surges 5.2% to Log Biggest Single-Day Gain in 17 Months
IT stocks and strong earnings lifted the rally as domestic investors bought Rs 2,670.44 crore, helping offset foreign selling and global volatility.
- On Thursday, October 15, 2026, benchmark indices BSE Sensex and NSE Nifty closed up 2.11% and 1.66% respectively, before drifting lower in Friday's early trade amid profit-taking.
- Strong Q2 earnings from leading IT and banking stocks fueled the market surge, with Tech Mahindra shares rising 5% after reporting a 32.74% jump in consolidated net profit to ₹1,585.6 crore.
- Ankur Punj, Managing Director at Equirus Wealth, said the rupee's recovery and Reserve Bank of India measures "lent support to domestic equities" amid global sell-offs.
- Despite the rally, Foreign Institutional Investors offloaded equities worth ₹5,285.37 crore on Thursday, while Domestic Institutional Investors provided offsetting buying support.
- Hitesh Tailor, Technical Research Analyst at Choice Broking Private Limited, warned that "lingering global uncertainties and recent profit booking may limit the upside," urging focus on crude oil and earnings.
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Indian markets continue rally; Nifty and Sensex close 2% up as rupee strengths
The Indian stock market continued its 3-day rally, defying other Asian markets dragged down by speculation around AI stocks and concerns about U.S. inflation and a potential interest rate hike by the U.S. Federal Reserve
5 reasons why the market is rallying today: Sensex rockets 1,400 points, Nifty crosses 23,000
Sensex surges over 1,000 points and Nifty crosses 22,900 on October 15. IT stocks extend gains as falling crude oil prices, a stronger rupee and Q2 earnings optimism support the market.
Stock Market Zoom: Trading in the stock market began on a positive note on Thursday. Both the Sensex and Nifty indexes opened in the green zone with gains. The BSE Sensex jumped by more than 600 points upon opening.
15 October, 2026 Stock Market Updates: Sensex gains 183 points, Nifty near 22,700, TCS jumps over 2%
Asian shares tumbled after US stocks fell to their worst day since July, following the latest signal that inflation is worsening. Japan's Nikkei 225 was down by 3,478.29 points.
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