IT Rally Lifts Indian Markets 1%; Sensex, Nifty End Week with Losses

Indian benchmark indices rose more than 1% on Friday, led by a rally in information technology stocks. The gains, however, failed to erase earlier declines. The Sensex and Nifty both closed the week with marginal losses.

Infosys and Wipro were among the biggest contributors to the IT move. HDFC Bank also advanced. Infosys carries an Alpha Score of 57, indicating moderate sentiment. Wipro scores 46 and HDFC Bank 48, both in mixed territory.

The IT sector's outperformance followed buying in global technology shares. The broader market tracked higher, with advances comfortably beating declines on the BSE.

For the week, both indices saw small losses. Detailed stock profiles are available on the HDFC Bank and Infosys pages.