Sensex Nifty Closing: Sensex Up 414 Points, Nifty at 23,146 as IT Stocks Rally
The Sensex Nifty closing levels on Friday, October 16, 2026 showed gains of 0.56% and 0.65%, led by a sharp rally in information technology stocks. The Sensex closed at 74,729.27 and the Nifty 50 at 23,146.15. Both indices recovered from intraday lows after Tech Mahindra's second-quarter results lifted the sector.
Sensex Nifty closing levels
| Index | Close | Change |
|---|---|---|
| BSE Sensex | 74,729.27 | +413.66 points (+0.56%) |
| Nifty 50 | 23,146.15 | +148.80 points (+0.65%) |
| Nifty IT | 31,924.10 | +3.92% |
| Nifty Bank | 55,844 | +0.06% |
| India VIX | 14.08 | +0.35% |
The Sensex touched an intraday low of 74,012.99 and rebounded 765.79 points to a high of 74,778.78. The Nifty recovered 232.35 points from its low of 22,913.80 and closed 3.70 points below its high of 23,149.85.
IT stocks lead the gains
The Nifty IT index rose 3.92%, with buying across major technology companies. Tech Mahindra was the top Sensex gainer, rising nearly 8% after upbeat Q2 results. Infosys advanced 4.55% and TCS 4.61%, while HCL Technologies gained 1.08%.
Gains in IT offset losses in some heavyweights. Reliance Industries fell 1.09% and Asian Paints 1%. IndusInd Bank and Larsen & Toubro also traded lower.
Sector and broader market moves
| Sector index | Change |
|---|---|
| Nifty Media | +1.92% |
| Nifty Metal | +0.95% |
| Nifty Auto | +0.75% |
| Nifty PSU Bank | +0.67% |
| Nifty FMCG | -0.39% |
| Nifty Oil & Gas | -0.45% |
| Nifty Financial Services Ex-Bank | -0.40% |
| Nifty Realty | -0.33% |
Large caps outperformed. The Nifty 100 rose 0.61%, the Nifty 200 0.47% and the Nifty 500 0.40%. The Nifty Midcap 100 declined 0.11% and the Nifty Smallcap 100 was down 0.01%.
What the market watchers said
Vinod Nair, head of research at Geojit Investments, said the recovery was led by sustained IT buying after strong quarterly results and upbeat management commentary. He said softer crude oil prices and a stronger rupee also supported sentiment, while FMCG stocks remained under pressure over concerns about Q2 margin compression from higher input costs. He added that sustaining the recovery will require broader earnings growth beyond IT, along with better domestic demand and easing margin pressure, and that global inflation and geopolitical risks warrant caution.
