The BSE Sensex rose 371 points, or 0.8%, to 84,013 in Friday morning trade, erasing losses from the previous two sessions, while the Nifty 50 climbed 0.7% to above 25,800, after traders returned from a holiday, mainly supported by a surge in the tech sector. IT stocks gained 2.9%, mainly driven by a jump in Infosys, which soared 5.0% after the company reported strong quarterly earnings and raised its full-year revenue growth outlook. The broader index tracked an upbeat session on Wall Street overnight, buoyed by a surge in tech shares and strong earnings from major banks. A rally in Infosys shares lifted other tech stocks, including Tech Mahindra (3.3%) and HCL Tech (1.5%). Besides tech stocks, banking shares also posted solid gains, followed by financial services and autos, with notable advances from Mahindra & Mahindra (1.7%), Tata Motors (1.5%), and Bajaj Finserv (1.3%). For the week, the index is heading for a 0.5% gain, after falling in the previous week.
