Indian equity markets staged a decisive recovery on Friday, driven by strong quarterly earnings from Tata Consultancy Services (TCS) and a cooling of geopolitical tensions that had weighed on sentiment earlier in the week.
The BSE Sensex surged 1.08% to close at 77,569.39, while the Nifty 50 gained 1.02% to settle at 24,206.90.
The rally marked a sharp reversal from Wednesday’s session, when benchmarks had posted their steepest losses in months amid rising uncertainty.
TCS, India’s largest IT services provider by market capitalization, reported financial results that exceeded analyst expectations, providing a critical catalyst for the broader market.
The positive earnings print helped restore confidence in the technology sector, which had lagged during the midweek sell-off.
Investors appeared relieved that the company’s revenue and margin profiles remained resilient despite global headwinds, signaling that demand for digital transformation services continues to hold up.