Blitz India Business
77,763.91 on the Sensex — up 261.79 points (+0.34%) at Friday’s close — and the Nifty 50 at 24,270.85 (+95.15, +0.39%): equities enter Monday on a third straight daily gain and a fourth consecutive weekly advance, with IT leading the charge into the June-quarter earnings season.
The rally was fed by softer US jobs data that raised the odds of earlier Federal Reserve easing, and by cooling crude. The Nifty IT index posted its strongest single session in more than a year last week as investors accumulated Infosys, TCS and HCL Technologies ahead of results.
The structural story is the domestic bid — SIP-fed institutional flows that keep absorbing foreign outflows and lowering the market’s beta to global risk.
By the Numbers
- Sensex (Fri close): 77,763.91 (+261.79 pts, +0.34%)
- Nifty 50 (Fri close): 24,270.85 (+95.15 pts, +0.39%)
- Run: 3 sessions up; 4 weeks up
- Catalyst: Nifty IT’s best day in 14 months
The near-term test is delivery: Q1 earnings must validate the IT bounce, while the market watches the India–US trade signals due before July 24 and the rupee’s path against a firm dollar. Breadth suggests improving sentiment rather than a narrow, momentum-only move.
The constructive story remains the maturing domestic investor base — household savings channelled through systematic plans that steady the market through global volatility.