Indian indices surge as IT earnings lift market, HCL Tech posts 21.18% profit jump
On Tuesday the BSE Sensex and NSE Nifty rallied 1.54% and 1.60% respectively, their biggest single‑day gains in four months. The rally was led by IT stocks after HCL Technologies reported a 21.18% rise in consolidated net profit to Rs 5,132 crore for the July‑September quarter of FY27. HDFC Bank and other financial stocks also contributed to the upside, while the rupee strengthened and Brent crude fell.
Why it matters
The sharp index gains signal renewed investor confidence in Indian equities, especially the technology sector, which may attract further inflows. The higher profit figure for HCL Tech underscores strong margins from its AI operations, supporting expectations for continued sector earnings momentum.
Key facts
- 1The BSE Sensex jumped 1,109.10 points, or 1.54%, to close at 73,033.78. dtnext.in
- 2The NSE Nifty rose 358.60 points, or 1.60%, to end at 22,721.95. dtnext.in
- 3HCL Tech shares rose 8.28% after reporting a 21.18% increase in consolidated net profit to Rs 5,132 crore for Q2 FY27. dtnext.in
- 4Finance Minister Nirmala Sitharaman said there is ongoing debate on long‑term capital gains tax, which helped boost sentiment. rediff.com
- 5The rupee appreciated about 41 paise to 95.37 per US$. rediff.com
- 6Brent crude fell 1.66% to USD 104.6 per barrel. dtnext.in
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.