Indian equity benchmarks traded firmly higher on Friday, supported by strong buying interest in IT stocks after Infosys delivered better-than-expected quarterly earnings and upgraded its full-year revenue outlook.
Around 12:35 p.m., the Sensex was up 391 points, or 0.47 percent, at 83,773.81, while the Nifty added 99 points, or 0.39 percent, to trade at 25,764.80. Market breadth remained positive, with advancing stocks outnumbering decliners across the broader market.
IT stocks led the rally, with Infosys surging over 5 percent—its best performance in four months—after raising its revenue growth guidance to 3–3.5 percent, citing steady discretionary spending and improved traction in financial services. Wipro and Tech Mahindra also posted strong gains, while Cipla and ETERNAL lagged.
Sentiment was further boosted by a decline in crude oil prices, as Brent fell to around USD 63.61 per barrel, easing inflation and import cost concerns. Optimism over progress in an India–US trade agreement and a drop in India VIX signaled reduced market volatility. Banking stocks also gained ahead of key quarterly results.
Technically, Nifty found support near 25,600, with sustained strength above 25,715 needed for further upside toward 26,020, analysts said.
