Nifty and Sensex rally in early trade propelled by buying in IT firms
Indian stock indices Sensex and Nifty saw gains in early trading, driven primarily by strong performance in the IT sector following Tech Mahindra's positive quarterly earnings. Despite a negative trend in U.S. markets and foreign institutional sell-offs, domestic investor confidence remained buoyed by corporate results.
Why it matters
Market fluctuations in India provide insight into the resilience of the IT sector and its influence on broader economic sentiment in emerging markets.
Benchmark indices Sensex and Nifty climbed in early trade on Friday (July 17, 2026), driven by buying in IT stocks after Tech Mahindra reported a 28.4% rise in consolidated net profit for the June quarter.
After a subdued ending in the previous trade, the 30-share BSE Sensex jumped 480.95 points to 77,656.56 in early deals. The 50-share NSE Nifty climbed 125.05 points to 24,201. From the Sensex pack, Tech Mahindra climbed 3% after the IT company reported a 28.4% rise in consolidated net profit for the June quarter at ₹1,465 crore, and expressed confidence about the demand environment.
Infosys, Tata Consultancy Services, HCL Tech, Mahindra & Mahindra and Reliance Industries were also among the winners. Sun Pharma, Bharti Airtel, Trent and UltraTech Cement were among the laggards. The BSE IT index traded 1.25% higher at 28,189.45.
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