Stock markets rebound, ending 2-day losing streak on buying in IT firms; Sensex jumps 331 points
Indian stock markets rebounded on Friday, with the Sensex and Nifty indices rising due to strong performance in the IT sector. The rally was largely driven by positive earnings reports from Nvidia, which boosted investor confidence in AI-related investments.
Why it matters
The market movement demonstrates the significant influence of global technology trends and AI-sector performance on emerging market equity valuations.
Benchmark equity indices Sensex and Nifty rebounded on Friday (August 28, 2026) after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets.
The 30-share BSE Sensex climbed 330.92 points, or 0.43%, to settle at 77,264.51. During the day, it jumped 424.38 points, or 0.55%, to 77,357.97.
The 50-share NSE Nifty settled 84.80 points, or 0.35%, higher at 24,175.65.
Among the 30 Sensex firms, Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech, Titan and Eternal were the major winners.
ICICI Bank, UltraTech Cement, Asian Paints and ITC were among the laggards.
“Strong gains in IT stocks helped Indian equities close higher today. The sector was supported by Nvidia’s strong earnings and upbeat outlook, which reinforced optimism around sustained AI-related investments and benefited firms involved in enterprise AI deployment and workflow integration.”
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