Sensex jumps nearly 800 points as TCS Q1 results lift IT shares; market cap up nearly Rs 5 lakh crore
AI Market Summary
Indian equities rallied sharply as strong TCS Q1 results lifted IT stocks and reinforced confidence into earnings season, while supportive global risk sentiment added tailwinds. Markets also appeared to discount escalating Iran-US tensions, with volatility easing (India VIX ~12.7). Oil edged higher but remains well below earlier war-driven peaks, reducing immediate inflation fears. FII flows were mixed near-term but improved over recent sessions.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT+0.23%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▲ Bullish
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Indian equities surged, with the Sensex up nearly 800 points and the Nifty 50 gaining more than 230 points, extending gains for a second straight session. The rally was led by IT stocks after Tata Consultancy Services reported Q1 FY27 results showing revenue up around 14% year on year and consolidated net profit up 5%. Global markets also advanced, while Brent and WTI edged up to around $76 per barrel and near $72 per barrel, respectively. Geopolitical tensions did not rattle risk sentiment, with India VIX falling to 12.71.
