Sensex, Nifty Snap Losing Streak; Nifty IT Rallies 3%, Bank Stocks Outperform

Investors watch a display at a local share market in the northern Indian city of Chandigarh December 18, 2008. Indian shares were little changed in seesaw trade on Thursday as energy stocks fell with oil trading near four-year lows, while banks climbed on rising expectations for a rate cut. Investors were awaiting inflation data due by noon, which could set the tone for the market later in the day. REUTERS/Ajay Verma (INDIA)

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CNBC TV18•16-01-2026, 15:43

Sensex, Nifty Snap Losing Streak; Nifty IT Rallies 3%, Bank Stocks Outperform

•Indian equity benchmarks Sensex and Nifty ended a two-day losing streak on Friday, though they closed off day's highs.
•Sensex gained 188 points to 83,570, while Nifty rose 29 points to 25,694, slipping below the 25,700 mark.
•Nifty Bank index outperformed, rising nearly 1% to 60,095, ahead of Q3 results from ICICI Bank and HDFC Bank.
•Technology stocks, led by Infosys' strong Q3 results, drove Nifty IT up 3%; Kernex Micro surged on a KAVACH order.
•Federal Bank jumped 10% on strong Q3 profit and asset quality; Cipla fell 3% due to a temporary manufacturing pause.

Why It Matters: Indian markets rebounded, led by IT and banking sectors, despite broader selling pressure and a weakening rupee.

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