Nifty Surges 1.66% as IT Stocks Lead Rally

The Indian stock market closed sharply higher today, October 15, with the Nifty 50 rising 374.65 points (1.66%) to 22,997.35, while the Sensex gained 1,533.72 points (2.11%) to 74,315.61. Buying in IT and banking stocks, along with easing crude oil prices, supported the recovery. - Top Nifty 50 gainer: Tech Mahindra: Rose approximately 4.75%, leading benchmark gains as IT stocks rallied. - Top Nifty 50 loser:

: Fell approximately 7.76%, making it the session's biggest Nifty 50 laggard. - IT stocks led the recovery: The Nifty IT index gained around 1.82%, supported by recent earnings optimism and buying in technology shares. - Broader markets remained weaker: The Nifty Midcap 100 fell around 0.36%, while the Nifty Smallcap 100 declined 1.31%, despite the strong benchmark rally