The Nifty 50 benchmark index climbed past the 24,200 level on Thursday, buoyed by a decisive rally in the information technology sector.
The BSE Sensex advanced 630 points to close at 77,817, marking a 0.82% gain as investors rotated into large-cap names.
5% to 26,946. This broad-based advance across IT constituents signaled a potential relief rally for a sector that has endured a prolonged downturn.
The Nifty IT index led the charge, surging 4.5% to 26,946.
This broad-based advance across IT constituents signaled a potential relief rally for a sector that has endured a prolonged downturn.
The strength in technology stocks was sufficient to offset weakness elsewhere in the market, allowing the major indices to post solid gains.
However, the rally was not uniform across market capitalizations.