10.07.202604:34:15UTC+00Sensex Advances on Tech-Led Buying

India’s BSE Sensex advanced about 1.1% to 77,543 on Friday, extending gains from the previous session, as stronger-than-expected earnings from Tata Consultancy Services (TCS) boosted sentiment toward the country’s IT sector. The benchmark also mirrored broad-based strength across Asian markets, where optimism over AI-driven technology stocks helped offset worries about persistent geopolitical tensions in the Middle East.

Among individual movers, Zensar Technologies jumped 8.8%, Newgen Software rose 7.8%, KPIT Technologies gained 2.6%, and TCS added 1.5%. Investors are now turning their attention to upcoming quarterly results from other major corporations to assess the underlying momentum of India’s earnings season.

At the same time, markets are closely watching June inflation figures. Consumer price inflation is expected to have breached the Reserve Bank of India’s 4% target for the first time in 16 months, a development that could influence expectations for the central bank’s policy path. Despite Friday’s advance, the Sensex is still down 0.3% so far this week.