The SENSEX Index Closes 0.34% Higher

India’s BSE Sensex closed about 0.3% up at 77,764 on Friday, the highest since early May and extending gains for a third straight session. Cooling crude oil prices, growing expectations of a more accommodative global monetary policy stance and ongoing strength in IT stocks continued to support market sentiment. The heavyweight tech sector continued to benefit from expectations that a more dovish US central bank could boost technology stocks globally. HCL Tech (5.8%) led gains among stocks, with Tech Mahindra (1.8%), TCS (1.2%) and Infosys (0.6%) also advancing. Bajaj Finance rose 1.4% as it reported a strong operational performance for the first quarter of FY27, with robust growth in assets under management (AUM), loan disbursements and customer acquisition. Axis Bank, State Bank of India, Mahindra & Mahindra, Larsen & Toubro and Kotak Bank posted the largest declines, ranging between 0.7%-1.6%. For the week, the index booked a 0.9% gain.

The SENSEX Index went up by 262 points or 0.34 percent on Friday to close at 77764 points. The rise was led by HCL Tech (5.73%), Indusind Bank (3.26%) and Eternal Limited (1.97%). On the downside, the weakerst performers were Axis Bank (-1.51%), Mahindra & Mahindra (-1.19%) and Tech Mahindra (-1.00%).

India’s BSE Sensex rose about 0.6% to 78,001 on Friday, extending gains for a third straight session and reaching its highest level since April 22, as easing expectations of a near-term US Federal Reserve rate hike and softer crude oil prices boosted investor sentiment. Information technology stocks led gains, buoyed by easing US interest-rate expectations after softer-than-expected jobs data strengthened the outlook for lower borrowing costs. Zensar and HCL Tech rose 5.8% and 4.2% respectively, while TCS, Persistent, Wipro, Eternal and Coforge increased between 1.2% and 2.5%. Meanwhile, investor focus remained on quarterly business updates, with Bajaj Finance reporting a 20% increase in new loans and a 24% rise in assets under management. Punjab National Bank posted an 11.7% increase in domestic advances, while Avenue Supermarts reported 15.1% revenue growth. FMCG major Marico said it expects first-quarter revenue growth to exceed 20%, reflecting healthy demand trends.