Indian equity benchmarks staged a recovery on Friday, shedding early losses to close in positive territory as technology stocks led the charge.
The Nifty 50 index rose 0.02% to 24,211, while the BSE Sensex added 0.06% to 77,616.4.
The Nifty IT index surged more than 4% in intraday trading, marking a significant relief move for a segment that has endured a prolonged downturn.
The reversal came after both indices had dipped nearly 1% earlier in the session, signaling a shift in sentiment among domestic traders.
The rally was anchored by the information technology sector, which saw broad-based gains.
The Nifty IT index surged more than 4% in intraday trading, marking a significant relief move for a segment that has endured a prolonged downturn.
Traders cited major new partnership announcements as the primary catalyst for the sector's outperformance, providing a counterweight to broader market caution.