Sensex jumps 554 points as IT stocks power market comeback
Indian stock markets bounced back on Wednesday, with the Sensex rallying over 544 points intraday and reaching a high of 85,069. The Nifty crossed 26,000 during trading.
The big push came from IT stocks like Infosys and TCS, which saw strong gains of 2-3%.
Why should you care?
IT is having a moment—while sectors like media, healthcare, oil & gas, and real estate slipped or stayed flat, tech companies surged ahead.
If you're following where the action (and investor optimism) is shifting in Indian markets right now, it's definitely toward IT.
What sparked the rally?
A huge reason for this upbeat mood: Infosys's ₹18,000 crore buyback announcement. The offer has investors feeling positive about the sector.
Even though global signals were weak and earnings season just wrapped up, local factors helped steady the market and keep things looking up for tech.