The SENSEX Index Closes 1.08% Higher

India’s BSE Sensex closed about 1.1% firmer at 77,569.4 on Friday, extending prior session's gains, led by tech stocks, while easing oil prices provided further support. Meanwhile, investors welcomed reports that the US and Iran will continue their technical talks despite recent clashes. Market sentiment was tempered by renewed foreign investor outflows. Technology stocks were lifted by upbeat June-quarter results from Tata Consultancy Services (TCS) (+1%), which reported a $9.5 billion order book, $2.6 billion in annualized AI revenue, and projected improving demand in the current quarter. Tech Mahindra (+2.2%), Infosys (+1.7%), and HCL Tech (+1.5%) also advanced. Other top gainers included Reliance (2.3%), BEL (2.2%), Axis Bank (1.9%), Tata Steel (1.8%), Bajaj Finance (1.7%). On the flip side, Eternal (-0.9%) and Bharti Airtel (-0.5%) posted the biggest losses. For the week, the index lost about 0.3%.

The SENSEX Index went up by 828 points or 1.08 percent on Friday to close at 77569 points. The rise was led by Reliance Industries (2.33%), Axis Bank (2.01%) and Tech Mahindra (2.01%).

India’s BSE Sensex rose about 1.1% to 77,543 on Friday, following gains from the last session, as upbeat earnings from Tata Consultancy Services (TCS) lifted sentiment toward the country's IT sector. The benchmark index tracked broader strength across Asian markets, where optimism surrounding AI-driven technology stocks offset concerns over ongoing geopolitical tensions in the Middle East. Zensar Tech surged 8.8%, Newgen climbed 7.8%, KPIT gained 2.6%, and TCS added 1.5%. Market participants are now focused on upcoming quarterly earnings from other major companies to gauge the strength of India's earnings season. Meanwhile, investors are also watching June inflation data, with consumer inflation expected to have exceeded the Reserve Bank of India's 4% target for the first time in 16 months, a development that could shape expectations for the central bank's policy outlook. So far this week, the benchmark has declined 0.3%.