Market participants will track global developments, foreign institutional investors (FIIs) flows and further corporate earnings announcements for market direction.
IT stocks continued to attract buying interest for the third consecutive session.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 934.84 points or 1.30% to 73,730.45. The Nifty 50 index jumped 282.55 points or 1.25% to 22,901.75.
In the broader market, the BSE 150 Midcap Index rose 0.14% and the BSE 250 Smallcap Index declined 0.25%.
The market breadth was negative. On the BSE, 1,789 shares rose and 1,941 shares fell. A total of 209 shares were unchanged.
Brent crude futures declined $1.86 or 1.75% to $104.20 a barrel.
Earnings Today:
HDFC Life Insurance Company(up 1.74%), Jio Financial Services(up 0.30%), Nestle India(down 0.19%), Tech Mahindra(up 3.46%), Wipro(up 1.67%), HDFC Asset Management Company(up 2.59%), 360 ONE WAM(up 0.93%), Angel One(up 1.72%), Cyient DLM(down 2.73%), IIFL Finance(down 0.95%), Indian Bank(down 1.72%), Sri Lotus Developers and Realty(down 2.37%), L&T Finance(up 2.92%), Persistent Systems(up 0.17%), Polycab India(down 0.25%) and Tata Communications(down 1.65%) will declare their results later today.
Buzzing Index:
The Nifty IT index jumped 2.83% to 31,023.40. The index surged 9.43% in the three consecutive trading sessions.
Tech Mahindra (up 3.76%), Infosys (up 3.35%), Tata Consultancy Services (up 3.23%), LTM (up 2.98%), HCL Technologies (up 2.74%), Wipro (up 1.86%), Mphasis (up 1.62%), Persistent Systems (up 1.44%), Coforge (up 1.04%) advanced.
Stocks in Spotlight:
Leela Palaces Hotels & Resorts rallied 3.60% after reporting a 26.59% year-on-year increase in consolidated net profit to Rs 94.59 crore in Q2 FY27, compared with Rs 74.72 crore in Q2 FY26.
Om Power Transmission added 2.98% after the company received a turnkey contract worth Rs 101.56 crore from Uttar Gujarat Vij Company.
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