Sensex and Nifty Rally Over 1% Led by IT Stocks and Easing Crude Prices

The 30-share BSE Sensex jumped 879.09 points, or 1.23%, to settle at 72,472.33, while the NSE Nifty rallied 288.65 points, or 1.30%, to end at 22,520.45 on Friday.

Tata Consultancy Services reported a 15% jump in net profit for the July-September quarter to ₹13,884 crore, helping lead a strong rally in IT stocks.

Brent crude declined 1.32% to $102.9 per barrel, easing inflation concerns following reports that potential US military action against Iran is unlikely before mid-term elections.