Stock Market Highlights: Nifty holds above 23,100, Sensex rises 413 points as IT, media and metal stocks lead gains

Stock Exchange Highlights: Indian equity standards ended higher for the 2nd successive week, with the Sensex and Nifty publishing their greatest weekly gains because the very first week of April 2026, led by a sharp rally in IT stocks.

The Nifty IT index rose 11.5%for the week, marking its most significant weekly gain in almost 18 years. Tech Mahindra, TCS, Infosys and HCLTech were amongst the leading Nifty gainers. Almost 40 Nifty stocks provided favorable returns throughout the week, with gains of as much as 18 %. FMCG and pharma stocks stayed under pressure, with the Nifty FMCG index falling almost 1%.

On Friday, the Sensex increased 413 indicate close at 74,729, while the Nifty acquired 149 indicate settle at 23,146, holding above the 23,100 mark in a rangebound session. The more comprehensive market underperformed for the 2nd straight day, with the midcap index falling 67 indicate 59,130. The Nifty Bank increased 33 indicate close at 55,844, staying mostly flat ahead of crucial banking outcomes.

The Nifty IT index extended its gains for a 4th successive session, increasing almost 4%. Tech Mahindra published its most significant single-day gain considering that March 2020 after its Q2 outcomes and benefit concern statement, while TCS extended its rally and was up almost 19% because its October 8 outcomes.

To name a few stocks in focus, Wipro increased almost 6% after the business stated offers delayed from Q2 were anticipated to close in Q3. Onward Technologies leapt 20% following strong Q2 outcomes, while Federal Bank ended with modest gains after reporting better-than-expected outcomes.

IndiGo was the leading Nifty loser after the federal government informed the Supreme Court that air travel air fare guidelines had actually been settled. Capital market stocks ended lower, with BSE tipping over 2% following the modified CAS structure. Angel One decreased over 4% after reporting operationally weak Q2 outcomes.

Jewellery stocks saw purchasing interest, with Senco Gold and Sky Gold increasing over 5% each. Market breadth favoured advances, with the advance-decline ratio at 3:2.

In the more comprehensive market, KPIT Technologies, Bandhan Bank, Mphasis and Prestige Estates were amongst the leading midcap gainers, while One MobiKwik, Exide Industries, LIC Housing Finance, MCX and Bank of Maharashtra were amongst the greatest laggards.

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