Sensex jumps over 800 pts, Nifty closes above 24,200 as IT stocks fuel market rally

Indian benchmark indices ended sharply higher on Friday, with the Sensex soaring more than 800 points and the Nifty reclaiming the 24,200 mark. The rally was driven by strong gains in information technology (IT) stocks after

( posted better-than-expected quarterly revenue and signalled an improving demand outlook. Softer crude oil prices further lifted investor sentiment. The Sensex advanced 827.57 points, or 1.08%, to close at 77,569.39, while the Nifty gained 244.10 points, or 1.02%, to settle at 24,206.90. Market breadth remained firmly positive, with all major Nifty sectoral indices ending in the green. The Nifty Smallcap 100 rose 1.42%, while the Nifty Midcap 100 gained 1.19%, reflecting broad-based buying across the market. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.