Sensex, Nifty rebounds over 1% after two days of losses; IT shares lead rally amid easing crude prices
Indian stock markets rebounded on Friday, with the Sensex and Nifty indices posting significant gains led by the IT sector. The rally was supported by strong quarterly results from TCS and a decline in global crude oil prices.
Why it matters
Market recovery indicates investor confidence following recent corrections and highlights the influence of corporate earnings and macroeconomic factors on Indian equities.
Stock markets bounced back on Friday (October 9, 2026) after two days of sharp decline, with the benchmark Sensex rallying 879 points and the Nifty ending above 22,500, led by a rally in TCS, other IT stocks and easing crude oil prices.
The 30-share BSE Sensex jumped 879.09 points, or 1.23%, to settle at 72,472.33. During the day, it surged 1,075.96 points, or 1.50%, to 72,669.20.
The 50-share NSE Nifty rallied 288.65 points, or 1.30%, to end at 22,520.45.
From the 30 Sensex firms, ITC climbed 4.78%, followed by Tata Consultancy Services, which jumped 4.23%.
Tata Consultancy Services reported a 15% jump in net profit for the July-September quarter to ₹13,884 crore and pointed to continued growth momentum going forward.
Adani Ports, Infosys, HCL Tech, Larsen & Toubro and HDFC Bank were also among the major gainers.
Reliance Industries was the only laggard from the blue-chip pack.
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