Infosys surprised the market with better‑than‑expected earnings and a higher revenue outlook for FY2026, sending the Sensex and Nifty higher on Friday.
Market snapshot
The BSE Sensex rose 277 points (0.33%) to 83,660 early in the session, while the NSE Nifty 50 gained 66 points (0.26%) to 25,731. By late morning the Sensex was up 716 points (0.86%) at 84,099 and the Nifty 200 points (0.77%) at 25,866.
Infosys leads the rally
Infosys shares jumped up to 5%, lifting the IT index by about 2%. The company not only beat earnings expectations but also lifted its FY2026 revenue growth guidance. Analysts say the boost comes from stronger AI partnerships and deeper client engagement, positioning Infosys to win more market share.
Other stocks on the move
- Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank and Power Grid each rose between 1% and 5%.
- Mid‑cap stocks were up 0.2% and small‑caps added 0.1%.
Expert view
Dr. V. K. Vijayakumar of Geojit Investments says the market is likely to drift sideways for now. He expects individual stock moves to be driven by upcoming Q3 earnings, while foreign institutional investors (FIIs) may keep selling, creating a modest downward pressure.
For long‑term investors, he suggests using the calm market to gradually add quality growth stocks that are priced fairly.
Global backdrop
- Asian markets rose as AI enthusiasm grew, helped by strong earnings from Taiwan Semiconductor.
- A new U.S.–Taiwan trade deal lowered tariffs on semiconductor exports, boosting sentiment.
- U.S. futures were higher, with the Nasdaq up 0.22% and the S&P 500 up 0.15%.
Commodities and the rupee
Gold slipped slightly to $4,607.50 an ounce. Oil prices were flat, with Brent at $63.73 a barrel and WTI at $59.22.
The rupee opened at 90.37 per dollar, weakening 0.1% after Fed officials’ hawkish comments lifted the dollar.
Institutional flows
FIIs sold about ₹4,781 crore of Indian equities on Friday, while domestic institutional investors bought roughly ₹5,217 crore.
What investors can consider
With the market moving sideways, it may be a good time to look for solid companies that have strong fundamentals and are trading at reasonable prices. Keep an eye on upcoming earnings reports, especially from the IT sector.
Disclaimer
Remember, this is just an overview and not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.