IT Stocks Help Sensex and Nifty Bounce Back After Two Days of Falls

Stock markets went up in early trade on Friday, October 9, 2026, after falling sharply for two days.

Market Gains

The 30-share BSE Sensex went up by 292 points to reach 71,876.10. The 50-share NSE Nifty gained 84.60 points to touch 22,310.40. Tata Consultancy Services led the rally among the 30 Sensex firms, jumping over 4 percent after reporting a 15 percent rise in net profit to ₹13,884 crore with signs of continued growth ahead. Other gainers included Infosys, ITC, HCL Tech, Tech Mahindra, Adani Ports, and HDFC Bank. On the other hand, Eternal, Bharat Electronics, Reliance Industries, and ICICI Bank saw losses.

Global and Previous Trade

Global oil benchmark Brent crude fell 1.11 percent to $103 a barrel. Across Asia, Japan's Nikkei 225 and Shanghai's SSE Composite traded lower, while the Hang Seng index went up. Markets in the U.S. mostly closed lower on Thursday, October 8, 2026. Foreign Institutional Investors sold equities worth $12,943.58 crore on Thursday, when the Sensex fell by 1,045.46 points and the Nifty dropped by 371.25 points.

Context

Stock markets often move up and down based on the quarterly earnings reports of major companies like IT giants. When large technology firms post strong profits, they can lift the entire market even after a period of heavy selling by foreign investors.