Sensex jumps 319 points on buying in IT stocks

Market Performance - The BSE Sensex benchmark increased by 319.07 points, or 0.38%, closing at 83,535.35, with an intraday high of 83,754.49, reflecting a rally of 538.21 points, or 0.64% [3][4] - The NSE Nifty rose by 82.05 points, or 0.32%, settling at 25,574.35, with an intraday high of 25,653.45 after climbing 161.15 points, or 0.63% [3][4] Sector Performance - Key gainers among Sensex firms included Infosys, HCL Technologies, Bajaj Finance, Asian Paints, Tata Motors Passenger Vehicles, Tata Consultancy Services, Bharti Airtel, Titan, Bajaj Finserv, Reliance Industries, and Larsen & Toubro [4] - Notable laggards included Trent Ltd, Eternal, Power Grid, UltraTech Cement, Mahindra & Mahindra, Axis Bank, State Bank of India, Adani Ports, Hindustan Unilever, and NTPC [4] Market Sentiment - Positive market sentiment was supported by the potential resolution of the US government shutdown and renewed Foreign Institutional Investors (FIIs) buying, driven by a favorable Q2 earnings season [5] - The rise in the US 10-year Treasury yield indicates improving risk sentiment towards equities, coinciding with the reopening of the federal government [5] Institutional Activity - Foreign Institutional Investors (FIIs) purchased equities worth Rs 4,581.34 crore, while Domestic Institutional Investors acquired stocks worth Rs 6,674.77 crore, indicating strong domestic buying interest [7][8] Global Market Influence - Asian markets showed positive performance, with South Korea's Kospi up 3.02%, Hong Kong's Hang Seng rising 1.55%, Japan's Nikkei 225 increasing by 1.33%, and Shanghai's Composite Index finishing 0.53% higher [6]