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Aided by Tata Consultancy Services’ (TCS) September quarter earnings announcement, India’s equity market staged a strong recovery on Friday, after the massive p
Indian IT stocks rebounded on Friday as investors looked past the immediate impact of US green-card curbs. Company clarifications, dip buying and TCS's AI-led quarterly performance lifted sentiment, though broader market risks remain.
Nifty broke its eight-week losing streak, rising nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks led a relief rally. However, persistent FII selling, elevated US bond yields, crude oil prices and the RBIs shift to calibrated tightening continue to cloud the market outlook.