DD News2026-10-23

Sensex and Nifty Rise as IT Stocks Drive Gains Amid Weak Global Signals

Indian equity benchmarks opened higher on Friday, with the BSE Sensex rising over 400 points to 73,665.64 and the NSE Nifty 50 gaining 54.55 points to 22,742.20, driven by strong performance in information technology stocks. The Nifty IT index increased nearly 3 percent, while other sectors like Nifty Pharma and Nifty Healthcare also saw slight gains. Despite these advances, concerns lingered over rising Brent crude oil prices and declines in certain indices such as Nifty Metal and Nifty Realty. Analysts noted that a potential liquidity boost from the Jio Platforms IPO could support market growth in the coming week.

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