# Domestic Equities Rebound as IT Heavyweights Halt Three-Day Losing Streak for Sensex and Nifty

> Defying subdued global cues, Indian benchmark indices opened higher on Friday as aggressive buying in heavyweight IT stocks such as TCS and Infosys lifted the markets.

**Type:** article · **Category:** Market · **Published:** 2026-10-24 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/it-knpaniyon-men-joradara-kharidari-se-chamaka-gharelu-bajara-sensex-aura-nifty-men-tina-dina-ki-giravata-thami-51155 · **Language:** English
**Tags:** Stock Market, Sensex, Nifty 50, TCS, Infosys, Nifty IT, Indian Equities

Shrugging off soft cues from overseas bourses, the Indian equity market commenced Friday on a positive note. The headline indices snapped a three-day losing streak as fresh buying interest emerged during early deals. In morning trade, the BSE Sensex climbed 434.76 points, or 0.59 percent, to open firmly at 73,684.15. Simultaneously, the broader NSE Nifty 50 advanced 75.70 points, or 0.33 percent, to trade around 22,763.35. Market breadth remained closely split at the opening bell, with 848 stocks advancing, 971 issues trading in the red, and 176 scrips remaining unchanged from their previous close.

## Technology Stocks Surge to Drive Benchmark Gains
Information technology shares served as the primary anchor for the broader market recovery during the initial trade. A massive wave of accumulation across software counters propelled the Nifty IT index higher by 2.38 percent to reach 32,846.05. Despite this sharp rise in tech, most other sectoral indices traded in negative territory. The Nifty Metal index slipped 1.62 percent, while Nifty Realty dropped 1.42 percent. Losses were also visible in Nifty Media, down 1.21 percent, and Nifty Consumer Durables, which shed 1.12 percent. Broader pressure was observed in other pockets as well, with Nifty PSU Bank declining 1.05 percent, Nifty Auto sliding 0.86 percent, Nifty Bank retreating 0.45 percent, Nifty Oil and Gas dropping 0.33 percent, and Nifty FMCG shedding 0.18 percent.

## TCS and Infosys Lead the Morning Rally
Heavyweight technology leaders provided substantial upward momentum to the Nifty basket. TCS emerged as the premier gainer on the index, jumping 3.77 percent to trade at ₹2,601.30. Infosys gained 2.64 percent to reach ₹1,183.80, while HCL Tech added 2.03 percent to exchange hands at ₹1,450.60. Among non-tech heavyweights, Reliance Industries advanced 1.09 percent and Bharti Airtel rose 0.95 percent. Gains were also registered in Tech Mahindra, up 0.88 percent, Dr. Reddy's Laboratories, gaining 0.77 percent, and L&T, trading 0.21 percent higher.

## Metals and Auto Counters Face Selling Pressure
In contrast to the rally in computing firms, commodity and manufacturing shares remained under notable selling pressure. Hindalco declined 1.76 percent, while Tata Steel shed 1.38 percent. Adani Enterprises weakened by 1.10 percent, and Titan fell 1.08 percent. Weakness also persisted in Max Healthcare, which retreated 1.02 percent, Mahindra and Mahindra, which lost 0.98 percent, and HDFC Life, down 0.94 percent during the initial session.

## What this means for you
The sudden tech-led recovery brings immediate tactical implications for equity portfolios and intraday market positions.

- **Direct Impact on Stockholders:** Retail investors holding major technology counters like TCS or Infosys will witness an instant rebound in portfolio valuation. Conversely, portfolios tilted heavily toward metal and auto counters may experience continuing drag during the session.
- **Intraday Trading Implications:** Short-term traders gain momentum buying opportunities centered strictly within the large-cap software basket. However, positions in banking, auto, and commodities require tighter stop-losses due to persistent sectional selling.
- **Market Sentiment Shift:** The cessation of a three-day losing run provides psychological relief across broader trading desks. It may help stabilize dip-buying appetite in battered blue-chip counters if IT leadership sustains through the closing bell.
- **Mutual Fund Impact:** Technology-focused thematic funds and broad large-cap equity mutual funds are likely to log positive NAV adjustments at the end of the trading day. Investors should monitor whether non-tech sectors join the rally to ensure balanced returns.

## Why this happened
The Friday rebound in domestic benchmark indices was primarily triggered by sharp value accumulation in software majors following three consecutive sessions of broad market declines.

- **Aggressive IT Buying:** Heavyweight technology giants experienced concentrated institutional demand right from the opening bell. Sizable gains exceeding 2 to 3 percent in TCS and Infosys single-handedly neutralized weakness across the rest of the market.
- **Technical Rebound After Pullback:** Following a relentless three-day correction, headline indices reached technical support zones where dip buyers stepped in. This led to short-covering alongside fresh long additions in beaten-down large-cap counters.
- **Sector Divergence Cushioned Losses:** Subdued international market cues triggered active selling in cyclical segments such as metals, auto, and real estate. However, strength in IT and index-heavyweight Reliance Industries outweighed that drag to keep the headline indices in positive territory.

## Questions & Answers

### 1. At what levels did the Sensex and Nifty open on Friday?
The BSE Sensex opened 434.76 points higher at 73,684.15, while the NSE Nifty 50 rose 75.70 points to start at 22,763.35.

### 2. Which sector led the market recovery in morning trade?
The Nifty IT index led the advance, climbing 2.38 percent to hit 32,846.05 amid aggressive tech buying.

### 3. Which stocks were the top gainers during the early session?
TCS led the gainers with a 3.77 percent jump to ₹2,601.30, followed by Infosys up 2.64 percent and HCL Tech up 2.03 percent.

### 4. Which sectors and individual counters faced the heaviest declines?
Metal and realty indices declined, led by losses in Hindalco down 1.76 percent and Tata Steel down 1.38 percent.

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