Sensex jumps over 600 pts, Nifty above 25,800 after Infosys earnings push

Market Performance - The BSE Sensex increased by 277 points, or 0.33%, reaching 83,660 in early trade, while the NSE Nifty 50 rose by 66 points, or 0.26%, to 25,731, driven by gains in Infosys [1][17] - By 10:37 AM, the Sensex was up 716 points, or 0.86%, at 84,098.59, and the Nifty50 increased by 200 points to 25,866 [1][17] Company Highlights - Infosys led the gains, jumping as much as 5%, which boosted the IT index by approximately 2% after the company raised its fiscal 2026 revenue outlook, surprising investors [2][17] - Other stocks contributing to the Sensex gains included Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, and Power Grid, with increases ranging from 1% to 5% [17] Market Sentiment - Broader markets showed slight increases, with mid-cap shares up 0.2% and small-caps adding 0.1% [3][17] - Experts noted that there are no significant triggers expected to drive the market up or down, indicating a likely directionless drift [6][7] Institutional Activity - Foreign Institutional Investors (FIIs) sold equities worth over Rs 4,781 crore on January 14, while Domestic Institutional Investors (DIIs) were net buyers of Rs 5,217 crore [12][17] Global Market Influence - Asian stocks rose as enthusiasm for artificial intelligence gained momentum, with MSCI's Asia-Pacific index outside Japan increasing by 0.5% [9][10] - A trade agreement between the U.S. and Taiwan, which lowers tariffs on semiconductor exports, further supported market sentiment [10]