The Sensex closed 330.92 points, or 0.43%, higher at 77,264.51 on Friday, with IT stocks firmly in focus after a strong sector-wide rally.

The Nifty50 also advanced, gaining 84.80 points, or 0.35%, to settle at 24,175.65 as the market broke a two-day losing streak.

IT shares were the biggest contributor to the day’s gains, with the Nifty IT index rising more than 3% during the session.

TCS was the standout gainer, up 4.16%, while Tech Mahindra climbed 3.53%, Infosys rose 2.99%, HCL Technologies gained 2.66% and Wipro added 2.58%.

Pharma and metal stocks also traded higher, adding to the positive tone across the broader market on the day.

Indian stock markets are closed on Saturday and Sunday and will reopen for trading on Monday.

Friday’s close leaves the Sensex and Nifty higher for the week overall, even after the two-session dip earlier that had weighed on the indices.

Markets in India remain closed on Saturday and Sunday, with the next trading session set to resume on Monday.

Foreign and domestic institutional investor activity through the week continued to shape sentiment, alongside the ongoing earnings season commentary from IT majors.

Broader market breadth was also positive on the day, with gains seen across a wide range of sectors beyond the IT-led rally.

Analysts pointed to the tech-led bounce as a sign of stabilising sentiment after recent volatility tied to global cues and sector-specific concerns.

TCS closed 4.16% higher, followed by Tech Mahindra with a 3.53% gain, Infosys up 2.99%, HCL Technologies 2.66% higher and Wipro adding 2.58%.

The Nifty IT index rose more than 3% during the session, emerging as the single biggest driver of the day’s overall gains.

Pharma and metal shares also contributed to the advance, helping the benchmark indices snap a two-day losing streak heading into the weekend.

Photo of the BSE building at Dalal Street, Wikimedia Commons, CC BY-SA 3.0

Indian equity benchmarks closed higher on Tuesday, recovering from a weak start to end the session in positive territory.

The BSE Sensex rose 286.98 points, or 0.37%, to close at 77,656.09.

The Nifty 50 gained 115.50 points, or 0.48%, to settle at 24,334.55.

The recovery came despite the indices opening in the red amid mixed global cues, as Asian markets slipped following a tech-led sell-off on Wall Street overnight.

The BSE Sensex had opened in the red, dropping 73.62 points to 77,295.49, while the Nifty 50 opened 43.3 points lower at 24,175.75, as Asian markets tracked a tech-led sell-off on Wall Street overnight.

Brent crude remained around $92 a barrel through the session, with fresh US sanctions on Iran and broader geopolitical uncertainty continuing to weigh on investor sentiment.

The BSE Sensex had opened in the red, dropping 73.62 points to 77,295.49, while the Nifty 50 opened 43.3 points lower at 24,175.75, as Asian markets tracked a tech-led sell-off on Wall Street overnight.

Brent crude remained around $92 a barrel through the session, with fresh US sanctions on Iran and broader geopolitical uncertainty continuing to weigh on investor sentiment.

US Treasury Secretary Scott Bessent’s announcement of fresh sanctions against Iran, along with threats of retaliation against nations doing business with the country, contributed to volatility in oil prices during the day.

Healthcare and pharma stocks led the recovery, with Adani Enterprises, Max Healthcare Institute and Apollo Hospitals Enterprise among the top gainers on the Nifty 50 index.

The session’s rebound came despite the weak start, underscoring how domestic buying interest helped offset the early drag from global cues.

Markets have shown a pattern of volatile opens followed by recoveries through several sessions this month, with investors closely tracking both global commodity prices and domestic corporate earnings.

Broader market breadth was mixed through the session, with advancing stocks roughly in line with declining ones even as the headline indices finished comfortably higher.

Photo by Jnpet, Wikimedia Commons, CC BY-SA 3.0

The government’s offer for sale in Hindustan Copper opened for non-retail investors today, with retail participation set to open on August 26.

The floor price for the OFS has been fixed at Rs 514 per share, a 9.5% discount to the stock’s Monday closing price of Rs 567.90.

The government will sell a base 3% stake, roughly 2.90 crore shares, with an option to retain oversubscription for another 3%, taking the total offer size to up to 6% of the company’s issued and paid-up equity capital.

If the full 6% is sold, the promoter’s shareholding in Hindustan Copper would decline from 66.14% to approximately 60.14%.

A 10% reservation has been set aside for retail investors, along with a dedicated pool of 25,000 shares for eligible company employees.

At the floor price, the government could raise around Rs 894 crore from the sale, with some estimates placing the overall transaction value at close to Rs 3,000 crore.

Hindustan Copper is a public sector undertaking under the Ministry of Mines and is India’s only vertically integrated copper producer, covering mining, beneficiation and smelting.

Offer for sale transactions are a common route used by the government to meet minimum public shareholding norms or raise non-tax revenue from its stake in listed public sector companies.

The stock’s performance in the days following the OFS will be watched closely, as such sales can sometimes weigh on share prices in the near term due to the increased supply of shares in the market.

The floor price acts as the minimum bid price for institutional investors on the first day, with the final allotment price determined based on the bids received during the book-building process.

Retail investors, who get access on the second day, are typically allotted shares at either the floor price or a further discount, depending on the specific terms set for the retail category in this OFS.

Photo by Jonathan Zander, Wikimedia Commons, CC BY-SA 3.0