Global Stock Indices Latest News: Nifty 50 and Sensex Rally on IT Sector Strength
Estimated reading time: 4 minutes
- Nifty 50 and Sensex surged due to strong IT sector buying.
- Infosys led the rally with a near 3% increase in share price.
- Sector rotation towards large-cap IT stocks contributed to the upswing.
- Other sectors like MidCap, SmallCap, Media, and Pharma also showed positive growth.
- The rally’s primary driver was momentum within the IT sector, not specific news releases.
Contents
India’s Benchmark Indices Surge on Infosys-Led Tech Buying
By 10:00 AM UTC on September 09, 2025, India’s benchmark stock indices, the BSE Sensex and Nifty 50, experienced a sharp rally, driven primarily by strong buying in the information technology (IT) sector. The Nifty 50 index, which tracks 50 of the largest Indian companies listed on the National Stock Exchange of India (NSE), climbed 76 points (0.31%) to reach 24,849. Concurrently, the BSE Sensex, a broader index tracking 30 of the largest and most actively traded stocks on the Bombay Stock Exchange (BSE), gained 275 points (0.34%), closing at 81,062.64. This positive movement was significantly influenced by the performance of the Nifty IT index and, in particular, the substantial gains seen in Infosys shares.
The rally was largely attributed to sector rotation, with investors showing a renewed interest in large-cap IT stocks. Infosys, a leading global IT services company, was a key driver of this surge, seeing its share price increase by nearly 3%. This positive sentiment extended to other major IT players, with the Nifty IT index as a whole experiencing a jump of approximately 2%. Other notable gainers included Wipro and Tech Mahindra. While the day marked the Nifty index’s second weekly derivatives expiry following a recent shift of its expiry day to Tuesday, this factor was not identified as the primary catalyst behind the immediate market upswing. No specific macroeconomic data releases or significant surprises were reported as direct triggers for the rally. Momentum within the IT sector dominated market activity during this period.
The positive momentum in the IT sector wasn’t isolated. The Nifty MidCap index saw a more modest increase of 0.12%, while the Nifty SmallCap index added 0.21%, indicating a moderately positive breadth across the market. The Nifty Media and Pharma sectors also outperformed the broader market. However, the Nifty Auto sector experienced a slight decline of 0.14%, possibly attributed to profit-taking following previous strong performance.
Among the significant gainers, besides Infosys, Wipro, and Tech Mahindra, were Dr Reddy’s Labs, HDFC Bank, and Adani Ports, each showing increases ranging from 0.5% to 3%. Conversely, laggards included Titan, Eternal, Shriram Finance, HUL, Bajaj Auto, and ICICI Bank. While precise figures for India’s volatility index (equivalent to the VIX) were not explicitly reported, the sector leadership and positive breadth suggest a likely easing of implied volatility.
The information provided here is based on live market updates from the Business Standard as of 10:00 AM UTC on September 09, 2025. This analysis focuses on the immediate market reaction to the events described and does not incorporate broader long-term market trends or fundamental analyses.
What to Watch Next
- Further IT sector performance: Monitor the continued performance of Infosys and other major IT stocks in the coming days to assess the sustainability of the sector rotation.
- Earnings announcements: Pay close attention to upcoming earnings reports from major Indian companies, as these could influence investor sentiment and market direction.
- Weekly options expiry: The impact of the Nifty index’s weekly derivatives expiry on Tuesday, September 10, 2025 will be an important factor to observe for any significant price swings.
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FAQ
What were the primary drivers of the Nifty 50 and Sensex rally?
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