Nifty IT Surges 5.2% to Log Biggest Single-Day Gain in 17 Months
The rally was led by IT stocks after strong earnings, while the rupee strengthened for a fourth straight session and crude prices fell.
- On Thursday, October 15, 2026, Indian equity indices rallied despite weak global cues, with the BSE Sensex closing 1,533.72 points or 2.11 per cent higher and the NSE Nifty gaining 374.65 points or 1.66 per cent.
- Asian shares tumbled after US stocks fell to their worst day since July amid inflation concerns and potential interest rate hikes by the Federal Reserve, weighing on global sentiment.
- Leading IT stocks TCS and Tech Mahindra drove the rebound, gaining up to 2.26 per cent, supported by strong Q2 earnings from major IT companies that lifted Nifty IT by 1.82 per cent.
- The rupee strengthened to 95.5 against the greenback, up 0.1 per cent, aided by Reserve Bank measures and lower Brent crude prices; Foreign Institutional Investors offloaded Rs 1,857.44 crore on Wednesday.
- Technical Research Analyst Hitesh Tailor at Choice Broking Private Limited warned that market bias remains cautious, citing lingering global uncertainties and recent profit booking that may limit upside gains.
32 Articles
32 Articles
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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