Benchmark equity indices Sensex and Nifty rebounded on Friday (August 28, 2026) after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets.
The 30-share BSE Sensex climbed 330.92 points, or 0.43%, to settle at 77,264.51. During the day, it jumped 424.38 points, or 0.55%, to 77,357.97.
The 50-share NSE Nifty settled 84.80 points, or 0.35%, higher at 24,175.65.
Among the 30 Sensex firms, Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech, Titan and Eternal were the major winners.
ICICI Bank, UltraTech Cement, Asian Paints and ITC were among the laggards.
“Strong gains in IT stocks helped Indian equities close higher today. The sector was supported by Nvidia’s strong earnings and upbeat outlook, which reinforced optimism around sustained AI-related investments and benefited firms involved in enterprise AI deployment and workflow integration.”
“However, investor participation remained selective as markets awaited comments from the Fed Chair at the Jackson Hole symposium for greater clarity on the U.S. interest-rate outlook and global liquidity conditions,” Vinod Nair, Head of Research, Geojit Investments Ltd, said.
According to Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, investors remained positive on IT stocks amid supportive global cues for the sector.
“Indian equity benchmarks ended higher on Friday (August 28), snapping a two-session losing streak as strong gains in technology stocks offset subdued performance across much of the broader market. Technology stocks were the session’s clear outperformers, with the Nifty IT index surging 3.5% as investors responded positively to supportive global cues for the sector,” Mr. Radhakrishnan said.
The BSE MidCap Select index climbed 0.48%, and the SmallCap Select Index rose marginally by 0.02%.
Among BSE sectoral indices, Focused IT surged 3.42%, Information Technology jumped 3.32%, PSU Bank 1.25%, Bankex 1.01%, MidSmall Private Banks 0.94% and Metal 0.71%.
Insurance, Consumer Durables, Energy, Realty, Power and Oil & Gas were the laggards.
On the weekly front, the BSE benchmark declined 276.32 points, or 0.35 per cent, and the Nifty dipped 76.35 points, or 0.31%.
Brent crude, the global oil benchmark, dipped 0.17% to $89.63 per barrel.
In Asian markets, South Korea’s Kospi and Shanghai’s SSE Composite index ended lower, while Japan’s Nikkei 225 and Hong Kong’s Hang Seng index settled higher.
Markets in Europe were trading in positive territory.
U.S. markets ended higher on Thursday (August 27).
Foreign Institutional Investors (FIIs) offloaded equities worth ₹298.26 crore on Thursday, according to exchange data.
Falling for the second day on Thursday (August 27), the Sensex dropped 539.35 points, or 0.70%, to settle at the day’s low of 76,933.59 on the monthly derivatives-expiry day. Similarly, the Nifty50 declined 116.90 points, or 0.48S%, to end at the day’s low of 24,090.85.
Published – August 28, 2026 05:37 pm IST
