Sensex Climbs Over 400 Points, Nifty Holds Above 24,150 as IT Stocks Lead Market Rebound

TEN NEWS NETWORK

National News (28/08/2026): Indian equity markets staged a strong recovery on Friday, snapping a two-session losing streak as investors returned to technology stocks amid encouraging global signals. Heavy buying in information technology shares, coupled with a positive trend in overseas markets, helped lift the benchmark indices during the morning session.

At around 10:30 am, the BSE Sensex had gained 347.56 points, or 0.45%, to trade at 77,281.16. The NSE Nifty 50 advanced 75.05 points, or 0.31%, to 24,165.90, moving firmly above the 24,150 mark.
The broader market also remained positive, although gains were relatively moderate. The Nifty Midcap 100 and Nifty Smallcap 100 indices rose around 0.2% each, indicating that buying interest was not restricted to large-cap stocks.

IT Stocks Drive the Upswing

The biggest support for Friday’s market recovery came from the information technology segment. The Nifty IT index surged nearly 3%, making it the strongest-performing sectoral index during the session.

Major IT companies, including TCS, Infosys and HCL Technologies, advanced between 2% and 4%, while all 10 constituents of the Nifty IT index were trading in positive territory. Technology stocks also featured prominently among the leading gainers on the Nifty 50. The renewed interest in the sector was largely linked to developments in the global technology and artificial intelligence ecosystem.

Nvidia Results Lift Global AI Sentiment

A major trigger behind the optimism was the strong performance and upbeat outlook reported by US chipmaker Nvidia. Its results helped reignite investor confidence in the broader artificial intelligence investment theme and sparked buying across AI-related technology and semiconductor stocks.

The positive reaction extended beyond the US technology sector. The Nasdaq ended about 1.5% higher, providing an encouraging backdrop for technology stocks in Asian markets, including India.

Ponmudi R, CEO of Enrich Money, said the latest developments had clearly improved sentiment toward technology and semiconductor companies. According to him, Nvidia’s stronger-than-expected quarterly performance prompted a broad rally in AI-linked stocks in the US and contributed to the Nasdaq’s sharp advance.

Realty and Auto Stocks Also Gain

Apart from IT, real estate and automobile stocks were among the other key sectoral performers in the domestic market. The movement suggests that investors were selectively increasing exposure to sectors that could benefit from improving earnings prospects and domestic economic activity. The broader market’s positive performance also indicated a degree of risk appetite among investors despite the recent volatility in benchmark indices.

Global Cues Provide Additional Support

Friday’s recovery was also aided by favourable international market signals. Strong buying in US technology stocks following Nvidia’s results improved global investor sentiment and created a supportive environment for equities in the Indian market. The combination of stronger global technology sentiment and renewed domestic buying helped the Sensex and Nifty recover from losses recorded during the previous two trading sessions.

Investors are likely to closely monitor global technology trends, developments in the AI-led investment cycle, foreign institutional flows and upcoming corporate earnings for further direction.
For the near term, sustained buying in IT stocks could remain an important support for the benchmark indices. However, continued volatility in global markets and changing expectations around interest rates could influence the pace of the recovery.