India’s BSE Sensex advanced 1.2% to close at 77,550 on Friday, snapping the previous session’s losses and moving in step with gains across major global markets. Despite a fragile ceasefire between the US and Iran, overall sentiment improved on expectations of constructive talks between the two countries scheduled for Saturday.
Broad-based buying was evident, with nearly all sectoral indices ending higher. Banking and financials led the uptrend, supported by autos. ICICI Bank, Axis Bank, State Bank of India, Bajaj Finance, Bajaj Finserv, and HDFC Bank climbed between 1.7% and 3.2%.
In contrast, IT stocks remained under pressure. Tata Consultancy Services fell 2.5% after posting an annual revenue decline in FY2026, which overshadowed a quarterly earnings beat and underscored persistent weakness in client spending alongside rising costs.
Sun Pharma dropped 3.7% following reports that the company has entered the final stage of its proposed $12 billion acquisition of US-based Organon & Co.
