The SENSEX Index Closes 0.42% Higher

India’s BSE Sensex closed about 0.4% at 74,459.5 on Friday, extending prior session's advance, as resilient corporate earnings and tech strength helped offset pressure from higher oil prices and foreing fund outflows. Trent led gains among stocks, climbing by 5.2%, after the company delivered a 25% increase in net profit and expanded margins on higher sales. IndiGo surged 4.6% even as India's largest airline posted a third straight quarterly loss, with stronger revenue and higher fares helping to cushion the impact of rising costs. Sun Pharma shares advanced over 2%, extending gains for a fourth day, after securing US FDA approval for ILUMYA to treat adults with active psoriatic arthritis, even as the company reported a drop in second-quarter profit. Infosys (3.4%), Tech Mahindra (1.2%) and HCL Tech (1.2%) all advanced, bucking the global trend as AI concerns boosted demand for outsourcing and automation. The benchmark posted a weekly gain of 1.8% and a monthly rise of 2.7%.

The SENSEX Index rose 308 points or 0.42 percent on Friday to close at 74460 points. Leading the gains are Infosys (2.49%), Sun Pharmaceuticals (2.25%) and HCL Tech (2.22%). Top losers were Indusind Bank (-3.13%), Adani Ports (-1.71%) and Mahindra & Mahindra (-1.54%).

India’s BSE Sensex edged up about 0.2% to 74,319 on Friday, extending gains from the previous session as buying in IT stocks and optimism over corporate earnings helped offset pressure from rising crude oil prices. IT stocks led early gains, supporting the benchmark indices amid improved investor sentiment. Strong corporate earnings also provided some relief, with shares of Trent (5.5%) and InterGlobe Aviation (3.0%) among the stocks drawing attention. However, gains remained limited as rising Middle East tensions and Houthi attacks on Saudi Arabia pushed Brent crude to $116.30, capping gains amid supply concerns. Market participants are looking ahead to quarterly earnings from major companies, including Reliance Industries and Sun Pharmaceutical Industries, for further direction. Leading the gains among technology stocks were TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra, which rose between 1.1% and 1.9%. The benchmark is on track to gain 1.6% for the week and 2.5% for the month.