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Sensex gains 188 pts, Nifty above 25,650 led by IT buying

The domestic share market traded higher on Friday,buoyed by gains in IT shares following Infosys’ stronger than anticipated quarterly performance and a raised revenue growth forecast for the full year.At close,Sensex settled 187.64 points or 0.23 percent higher at 83,570.35, while the broader Nifty advanced to 25,694.35, up 28.75 points or 0.11 percent.

Leading the rally were IT heavyweights, with Infosys surging nearly 5 percent, alongside gains in Tech Mahindra and HCL Technologies. Stocks such as Mahindra & Mahindra, Bajaj Finserv, Bajaj Finance, Power Grid, Kotak Bank, Adani Ports, and NTPC also featured among the top Sensex gainers.On the downside, Eternal, Sun Pharma, Bharti Airtel, BEL, Asian Paints, Maruti Suzuki, ICICI Bank, and Axis Bank faced selling pressure.On the sectoral front, Nifty IT and Nifty Capital Markets indices jumped 2.5 percent each, while Nifty Realty climbed 1.5 percent and Nifty PSU Bank advanced 1.4 percent. The Nifty Bank index also added 0.6 percent.The broader markets mirrored the positive trend, with the Nifty MidCap index rising 0.64 percent and the Nifty SmallCap index gaining 0.29 percent.
Rupee Close:
On 16 Jan'26,the Indian rupee tumbled for the third straight session and lost 50 paise to settle near its lowest level at 90.84 against the US dollar on Friday, amid rising crude oil prices and sustained outflow of foreign funds.Volatile global sentiment and a firm American currency accelerated the withdrawal of foreign institutional investors, even as domestic investors resorted to value buying, forex traders said.
According to traders rupee faced pressure after data released on Thursday showed India's trade deficit widened slightly to $25.04 billion in December 2025, compared to $24.53 billion in November and $22 billion in December 2024.
Trading Guide:
Market experts recommended five shares to buy on Friday-IndusInd Bank, Dalmia Bharat, SAIL, NH, and KEI Industries

(Business Correspondent)


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