Indian shares rebounded on Friday, recovering from a sharp decline the previous day, as investors capitalized on lower oil prices following Israel’s decision to halt attacks on Iran’s energy infrastructure. The benchmark BSE Sensex rose 750 points, or 1 percent, while the NSE Nifty index gained 242 points, or 1.05 percent, signaling renewed confidence in the market.
Key sectors saw notable movements, with Tata Consultancy Services up 1 percent after expanding its collaboration with ABB, and tech peers like Infosys and HCL Technologies rising between 2-3 percent following positive earnings news from Accenture and Micron. Additionally, Tata Elxsi surged nearly 4 percent on its new development center announcement, while NTPC and JSW Cement also made gains on strategic collaborations and new projects.
For market professionals, the day’s trading highlights the resilience of Indian equities amid geopolitical tensions and the importance of sector-specific developments. For a deeper dive into these market movements, I recommend exploring the full article.
Source: nasdaq.com