TCS Nifty Top Gainer August 28 2026 Nvidia AI Rally

Tata Consultancy Services Limited

was the top gainer in the Nifty 50 on Friday, August 28, 2026, surging 4.16 per cent to lead the index higher as the Sensex rose 330.92 points to close at 77,264.51 and the Nifty ended 84.80 points up at 24,175.65 — snapping a two-session losing streak driven entirely by IT sector strength. Tata Consultancy Services Limited gaining 4.16 per cent on Friday — followed by Tech Mahindra at 3.53 per cent, Infosys at 2.99 per cent, HCL Technologies at 2.66 per cent and Wipro at 2.58 per cent — represents the broadest single-day IT sector rally since the Nifty IT index hit its 52-week low of 25,699 on July 1, 2026. The Nifty IT index jumped 3.51 per cent on Friday to close at 31,281.70. The trigger was a combination of two events that landed after Indian markets closed on Thursday: Nvidia Q2 FY27 revenue: $96.2 billion — up 106 per cent year on year, beating street consensus of $91.7 to $92.2 billion — with Q3 FY27 guidance of $108 billion also above estimates. Nvidia stock jumped 7 per cent in US after-hours trade, lifting global technology sentiment overnight Salesforce Q2 FY27 results: the US enterprise software firm reported strong quarterly earnings and raised its full-year FY27 guidance — providing a second data point confirming that enterprise technology spending is accelerating, directly supporting the demand environment for Indian IT companies For TCS specifically, the Friday gain extends a recovery that began from its 52-week low of Rs 1,976.80 hit on July 1, 2026. The stock has now recovered approximately 21 per cent from that floor, even as it remains 34 per cent below its 52-week high of Rs 3,489.90. Investors are now watching Fed Chair Kevin Warsh's Jackson Hole speech, delivered Friday evening IST, for signals on the US rate trajectory. A dovish outcome would extend Friday's technology rally into the following week.