Stock markets rebound in early trade led by TCS, other IT firms
Indian stock markets, including the Sensex and Nifty, rebounded following a two-day decline, driven by strong performance in the IT sector. TCS led the gains after reporting a significant increase in net profit.
Why it matters
Market fluctuations in India reflect broader investor sentiment and the financial health of major IT service providers.
Benchmark indices Sensex and Nifty rebounded in early trade on Friday (October 9, 2026) after two days of sharp decline, led by a rally in TCS and other IT stocks.
The 30-share BSE Sensex climbed 292 points to 71,876.10 in early trade. The 50-share NSE Nifty was up 84.60 points to 22,310.40.
From the 30 Sensex firms, Tata Consultancy Services surged over 4% after reporting a 15% jump in net profit to ₹13,884 crore and pointing to continued growth momentum going forward.
Infosys, ITC, HCL Tech, Tech Mahindra, Adani Ports and HDFC Bank were also among the gainers.
Eternal, Bharat Electronics, Reliance Industries and ICICI Bank were the laggards.
Brent crude, the global oil benchmark, declined 1.11% to $103 per barrel.
In Asian markets, Japan's Nikkei 225 index and Shanghai's SSE Composite index quoted lower, while Hang Seng index traded higher.
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