Vinod NairGeojit Investments LtdHCL TechnologiesAsian PaintsICICI BankTata Consultancy ServicesNvidia CorporationUltraTech CementITCInfosysTech MahindraTitan Company

Sensex snaps 2-day losing streak, gains 331 points; Nifty at 24,176 as IT stocks shine

The Sensex rebounded from a two-day decline, gaining 331 points to close at 77,264.51, while the Nifty rose 85 points to 24,176, driven by strong performances in IT stocks like Tata Consultancy Services and Infosys, amid mixed sectoral trends in the broader market.

Business Standard+1 source28 August 2026 · 14:57 UTC
CuriousCats Full Story

The Sensex and Nifty indices rebounded on Friday, ending a two-day losing streak, with the Sensex gaining 330.92 points to close at 77,264.51 and the Nifty rising 84.80 points to 24,175.65.1

The surge was primarily driven by strong performances in IT stocks, particularly Tata Consultancy Services, Infosys, and Tech Mahindra, which were among the top gainers in the Nifty50 index. “Strong gains in IT stocks helped Indian equities close higher today,” noted a market analyst, highlighting the sector's support from Nvidia’s robust earnings and positive outlook, which bolstered investor confidence in AI-related investments.

The Nifty IT index surged over 3%, reflecting a positive response to global cues, while other sectors showed mixed results. The Nifty MidCap and Nifty SmallCap indices also saw slight increases of 0.05% and 0.20%, respectively. “Technology stocks were the session's clear outperformers,” said Mr. Radhakrishnan, emphasizing the sector's resilience amid broader market fluctuations.23

Despite the gains, investor participation remained cautious as markets awaited insights from the Federal Reserve Chair at the Jackson Hole symposium regarding U.S. interest rates and global liquidity conditions. “Investor participation remained selective,” commented Vinod Nair, Head of Research at Geojit Investments Ltd.

Looking ahead, analysts suggest that the 24,000-23,950 zone will be a crucial support area for the Nifty, with potential corrections if the index breaches below 23,950.4

Key Insight
“The Nifty IT index surged 3.5%, tracking Nvidia's strong earnings and upbeat outlook, which reinforced optimism around AI-related investments. Vinod Nair of Geojit Investments noted that investor participation remained selective as markets awaited Fed Chair comments at the Jackson Hole symposium for clarity on the U.S. interest-rate outlook.”
Sensex Gains 331 Points, Nifty Reclaims 24,150: IT Stocks In Focus | Closing Bell | Buiness News
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Sensex Gains 331 Points, Nifty Reclaims 24,150: IT Stocks In Focus | Closing Bell | Buiness News
Sensex Surges 331 Points, Nifty Reclaims 24,176 & India VIX Falls Over 4%: Is The Market Rally Back?
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Sensex Surges 331 Points, Nifty Reclaims 24,176 & India VIX Falls Over 4%: Is The Market Rally Back?
CuriousCats studied:
1
Business Standard
“The benchmark indices snapped a two-day losing streak as IT, pharma, and metal shares led. The Sensex rose 330.92 points or 0.43 per cent to 77,264.51 and the Nifty50 was up 84.80 points or 0.35 per cent at 24,175.65. Tata Consultancy Services (TCS), Tech Mahindra, and Infosys were the top gainers in the Nifty50 index. In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.05 per cent and 0.2 per cent higher, respectively. Sector-wise, the Nifty IT emerged as the top performer, meanwhile the Nifty Chemical declined the most.”
Business Standard →
2
The HinduThe Hindu
“Benchmark equity indices Sensex and Nifty rebounded on Friday (August 28, 2026) after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets.”
The Hindu →
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EARLIER IN THE STORY:
Investing.com India
India shares close higher as Nifty 50 gains 0.35%, BSE Sensex 30 up 0.43%; IT, tech, banking lead

India equities closed higher on Friday, with the Nifty 50 gaining 0.35% and the BSE Sensex 30 climbing 0.43%, led by gains in the IT, Technology, and Banking sectors.

Asian Paints LtdBse Sensex GainsForex Inr
2026-08-28
TL;DR by CuriousCats.ai
  • India equities were higher at the close on Friday, as gains in the IT, Technology and Banking sectors led shares higher.
  • At the close in NSE, the Nifty 50 gained 0.35%, while the BSE Sensex 30 climbed 0.43%.
  • The biggest gainers on the Nifty 50 included Tata Consultancy Services Ltd. (rose 4.16% or 93.60 points to 2,342.00), Tech Mahindra Ltd (added 3.12% or 49.40 points to 1,634.40), and Infosys Ltd (up 2.90% or 32.20 points to 1,143.00).
  • Shares in ITC Ltd fell to 3-year lows, down 1.30% or 3.50 to 265.50. The India VIX, which measures implied volatility of Nifty 50 options, was down 4.22% to 10.60. In forex, USD/INR was down 0.15% to 95.40, while EUR/INR fell 0.15% to 111.06.
  • The biggest losers on the Nifty 50 included Asian Paints Ltd. (fell 1.37% or 36.00 points to 2,595.00), SBI Life Insurance Company Ltd (declined 1.31% or 23.20 points to 1,750.00), and ITC Ltd (down 1.30% or 3.50 points to 265.50).
  • On the BSE Sensex 30, the top performers were Tata Consultancy Services Ltd. (rose 4.09% to 2,344.00), Infosys Ltd (up 3.34% to 1,143.65), and Tech Mahindra Ltd (gained 3.18% to 1,636.00).
NDTV
Sensex climbs 200 points higher amid mixed global cues; Nifty gains 50 points as Gaurav Udani flags 24,000 as key support

Indian equity benchmarks opened in the green on Friday, with the Sensex up 200 points and the Nifty gaining 50 points.

Financial NewsGaurav Udani ForecastMarket Volatility
2026-08-28
TL;DR by CuriousCats.ai
  • Indian equity benchmarks opened in the green on Friday, with the Sensex up 200 points and the Nifty gaining 50 points.
  • According to Gaurav Udani, Founder - Thincredblu Securities, the Nifty is expected to open slightly lower around 24,100, down nearly 20 points, indicating a cautious start.
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