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Indian equities rebounded sharply on Friday as IT stocks rallied and dip buyers returned after Thursday's sell-off. The recovery followed company clarifications on US PERM exposure and stronger TCS results, though oil, FII outflows and the RBI stance remained in focus.
Sensex jumps 829 points and Nifty reclaims 22,500 as IT stocks rally on strong TCS results, easing crude prices and improved global cues despite US visa curbs.
Why is share market up today: The Indian stock market saw a remarkable turnaround on Friday after a sharp drop. With easing oil prices and robust IT sector performance, the Sensex jumped over 800 points and the Nifty gained more than 250 points. Positive investor sentiment was fueled by comments about ongoing tensions…