What caused the Indian stock market to rise on Friday?

The Indian stock market rose on Friday primarily due to strong quarterly results from Infosys, which boosted IT stocks and lifted the Sensex and Nifty.

Did Infosys raise its revenue guidance?

Yes, Infosys surprised investors by raising its fiscal 2026 revenue outlook after reporting better-than-expected quarterly results.

What is the expected near-term trend for the Indian stock market?

The near-term trend for the Indian stock market is expected to be a directionless drift, with potential for sustained selling by FIIs.

Home / Business and Economy / Infosys Surges, Boosting Indian Equities Higher

Infosys Surges, Boosting Indian Equities Higher

16 Jan

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Summary

Indian stock markets opened higher on Friday, led by IT gains.
Infosys exceeded expectations with strong quarterly results.
Market trend is a directionless drift amidst FII selling.

Infosys Surges, Boosting Indian Equities Higher

Indian equities commenced trading on a higher note this Friday, with both the Sensex and Nifty 50 benchmarks experiencing an upward movement. The primary driver for this rally was a significant surge in IT stocks, propelled by Infosys's impressive quarterly financial results. The company not only surpassed investor expectations but also enhanced its full-year revenue growth projections for fiscal 2026.

Infosys shares saw a substantial jump of up to 5%, consequently boosting the overall IT index by approximately 2%. Analysts attribute this performance to the company's strategic positioning, particularly its robust artificial intelligence partnerships and deepening client relationships. Other notable gainers on the Sensex included Tech Mahindra and Mahindra & Mahindra, indicating broad-based strength in select sectors.

Despite the positive opening, the market sentiment is characterized by a cautious outlook. Experts suggest a directionless drift is likely, with major market-moving events absent and a U.S. Supreme Court ruling not materializing. A key concern highlighted is the potential for sustained selling by Foreign Institutional Investors (FIIs), which may counteract minor rallies and define the near-term trend.