After a subdued previous session, Dalal Street saw resurgence on July 12, driven by strong performances in Information Technology (IT) stocks following TCS’ Q1 earnings that matched expectations.
The Sensex closed 622 points higher, or 0.78 per cent, at 80,519.34, while the Nifty climbed 186.20 points, or 0.77 per cent, to end at 24,502.20.
For the week, both the BSE Sensex and Nifty50 rose over 0.5 per cent.
Despite weak global signals, Indian benchmarks opened stronger and continued to gain momentum throughout the session, with the Nifty surpassing 24,500 for the first time and nearing 24,600 intraday.
Top performers on the Nifty included TCS, Wipro, LTIMindtree, Infosys, and HCL Technologies. On the downside, Maruti Suzuki, Divis Labs, BPCL, Coal India, and Asian Paints were the major losers.
Sector-wise, the IT index surged by 4.5 per cent, and the Media index gained over 2 per cent. Conversely, the Realty index fell by 1.5 per cent, the Power index dropped nearly 1 per cent, and the Capital Goods and Auto indices declined by 0.5 per cent each.
The BSE midcap and smallcap indices ended with slight losses.
