NIFTY IT (NIFTY IT)
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Sensex Climbs 308 Points as IT Stocks Drive Second Straight Gain
Indian equities extended their recovery for a second session on October 30, with the Sensex rising 308 points and the Nifty reclaiming 23,000, led by buying in IT and pharma names and earnings-driven demand in Trent. The rally was narrow, however, as broader markets crashed and midcaps bled, with Coforge among six stocks hitting 52-week highs. Shriram Finance, Nestle India, Trent and InterGlobe were among the top movers as October ended on a positive note.
BSE IT index posts 14.4% October rally, second sharpest in two decades
BSE IT index set to report 2nd sharpest monthly rally in over two decades Thus far in the month of October, the BSE IT index rallied 14.4% while it surged 14.7% in July 2026. Earlier in July 2020, the IT index soared 22.6%, data shows.
LTTS Shares Surge 15% on 16.3% Q2 Margin, Lifting Nifty IT to 10-Month High
L&T Technology Services posted strong Q2 results with margins hitting 16.3%, sending shares up 15% in their biggest single-day gain in five years and pushing the stock past the Rs 4,000 level. The rally lifted the Nifty IT index to a 10-month high, with Jefferies flagging three IT ideas with up to 50% re-rating potential as investors reassess the sector's reversal.
Nifty IT jumps 11.5% for biggest weekly gain in 18 years
Nifty IT surged 11.5% this week, its biggest weekly gain in nearly 18 years, adding $30 billion in market value. The rally lifted the Nifty above 23,100, driven by global AI rotation into tech stocks, though aviation and FMCG sectors dragged. This marks the second consecutive weekly gain for the index.
Sensex Surges 1,400 Points as Nifty Reclaims 23,000 on IT, Telecom
Indian equities staged a sharp rally on Thursday, with the Sensex jumping 1,400 points and the Nifty reclaiming the 23,000 mark in a midday breakout. IT and telecom stocks led the gains, with the IT sector rising 2% as Tech Mahindra and Wipro prepare to report earnings. The rally came amid a trading halt on the Korean bourse, though domestic sentiment remained robust.
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Meet the 7 startups that crossed $1 billion valuation to become unicorns in 2026 - CNBC TV18
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