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The Nifty IT index shot up 4.3% - posting its biggest single-day gain in 10 months. HCL surged 7.74%, followed by Coforge, Oracle Financial Services Software, LTI Mindtree and MPhasis, which ended 5-6.4% higher. The surge in IT stocks helped the benchmark Nifty close 0.67% higher on Wednesday.
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The NSE Nifty gained 0.67%, or 161.7 points, to finish at 24,328. The BSE Sensex moved 0.65% or 520.9 points higher at 80,116. Both indices have surged over 8.3% each in the past seven trading sessions. This is their longest winning run in a month.
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Indian equities rallied for the seventh day, with 80% of NSE500 stocks above their 50-DMA, signaling broad bullish momentum. Historical data suggests continued gains, though technical warnings urge caution.
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The new inflation-linked bond will have a loyalty bonus of 1% for retail investors who will purchase the note at issuance and hold it until maturity.
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A new study warns of a 62% risk of triggering climate tipping points like ice sheet collapse and coral reef death if current emission policies continue. Researchers emphasize the urgency of reducing greenhouse gas emissions to avoid irreversible consequences for societies and ecosystems. However, swift action towards a sustainable future could significantly reduce this risk to 37%.
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News and Media
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