Indices trade with major gains; IT shares advance
The positive geopolitical cues boosted investor confidence across regions. Meanwhile, the U.S. dollar remained under pressure and Treasury prices continued to rise. Additionally, the start of a new month, quarter, financial year, and F&O series supported fresh market positioning.
The Nifty traded above the 22,800 level. IT shares advanced after declining in previous two consecutive trading session.
At 10:28 ST, the barometer index, the S&P BSE Sensex, surged 1,530.06 points or 2.10% to 73,442.94. The Nifty 50 index zoomed 470.10 points or 2.11% to 22,801.50.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 2.58% and the BSE 250 SmallCap Index jumped 3.04%.
The market breadth was strong. On the BSE, 3,564 shares rose and 380 shares fell. A total of 117 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 10.03% to 25.09.
Buzzing Index:
The Nifty IT index added 3.78% to 30,161.30. The index declined 1.62% in previous two consecutive trading session.
Coforge (up 6.31%), LTIMindtree (up 5.61%), Tata Consultancy Services (up 4.64%), Infosys (up 4.03%) and Mphasis (up 3.99%), Persistent Systems (up 3.79%), Oracle Financial Services Software (up 3.65%), Wipro (up 3.38%), HCL Technologies (up 2.85%) and Tech Mahindra (up 2.49%) added.
Stocks in Spotlight:
Pace Digitek jumped 8.91% after the company announced that it has received a letter of acceptance (LoA) worth Rs 494.54 crore from NTPC for a battery energy storage project.
Escorts Kubota rallied 3.61% after the company?s tractor sales jumped 6.6% to 12,119 units in March 2026 compared with 11,374 tractors sold in March 2025.
Texmaco Rail & Engineering surged 9.85% after the company received an order worth Rs 357.11 crore from JSW Group for the manufacture and supply of BLSS, BLCS, and BFNV rakes along with BVCM wagons.
