Stock Market Rally: Sensex Jumps Over 1,100 Points at Close, Nifty Reclaims 22,700

Stock Market Rally (Image Source: Times Now Digital)

Indian equity markets staged a sharp recovery on Tuesday, October 13, with benchmark indices gaining over 1.5 per cent as information technology stocks rallied following strong quarterly results from HCL Technologies. The Nifty 50 climbed back above the 22,700 mark, while the Sensex surged more than 1,100 points, supported by improving investor sentiment and gains across most sectors.

The market recovery gathered momentum as the trading session progressed. After starting the day on a weak note, both indices recovered their early losses and remained largely in positive territory despite intermittent volatility.

At the closing bell, the Sensex advanced 1,109.10 points, or 1.54 per cent, to 73,033.78. The Nifty 50 rose 358.60 points, or 1.60 per cent, to settle at 22,721.95.

The rally was led by technology shares, with the Nifty IT index emerging as the best-performing sectoral index. It climbed 5.22 per cent to 29,830.10, gaining 1,480.50 points during the session.

HCL Technologies topped the Nifty 50 gainers after its shares jumped 8.42 per cent to Rs 1,326. The company reported a 21 per cent year-on-year increase in consolidated profit to Rs 5,132 crore for the second quarter, providing a boost to…

Original source: https://www.timesnownews.com/business-economy