Economy
Sensex Gains 400 Points as IT Stocks Lead Market Rebound
Moneycontrol1h
THE BRIEF
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The BSE Sensex surged 400 points on Friday, pushing the Nifty index above the 24,150 mark, driven by strong buying interest in major IT sector stocks.
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The rally follows two days of consecutive losses, with investors showing renewed confidence as IT giants like TCS, Infosys, and Tech Mahindra recorded gains of up to 3% during early trade.
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Market analysts attribute the positive sentiment to stabilizing global cues and a broader recovery in investor appetite for technology-focused equities ahead of upcoming macroeconomic data releases.