Sensex Rises on Tech Optimism

India’s BSE Sensex rose about 0.8% to 77,778 on Friday, rebounding from the previous session’s subdued performance, as information technology stocks gained after Tech Mahindra reported stronger-than-expected quarterly revenue.

Investors also looked ahead to earnings from heavyweight companies, including Reliance Industries, HDFC Bank, and ICICI Bank, with Indian equities remaining range-bound in recent weeks.

Among corporate updates, Wipro reported quarterly earnings that missed estimates, while Jio Financial Services more than doubled its June-quarter profit, whereas tyre maker CEAT and dairy company Heritage Foods both disappointed on earnings.

Global cues also remained mixed, with Brent crude hovering near $85 a barrel amid renewed geopolitical tensions in the Middle East. Among individual stocks, top gainers included Laser Power (10.0%), Jio Financial (4.1%), 360 One (3.8%), and Billionbrains (2.7%).

On a weekly basis, the benchmark index is up just 0.28% so far.

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