FX.co ★ Sensex Rises on Tech Optimism

India’s BSE Sensex climbed about 0.8% to 77,778 on Friday, rebounding from the prior session’s muted performance as information technology stocks advanced after Tech Mahindra reported quarterly revenue that beat expectations. Sentiment was also shaped by anticipation of upcoming results from major index constituents, including Reliance Industries, HDFC Bank, and ICICI Bank, with Indian equities overall having traded in a relatively narrow range in recent weeks.

In corporate developments, Wipro posted quarterly earnings that fell short of analyst estimates, while Jio Financial Services more than doubled its profit for the June quarter. By contrast, tyre manufacturer CEAT and dairy producer Heritage Foods both disappointed on earnings.

Global signals were mixed, with Brent crude trading near $85 per barrel amid renewed geopolitical tensions in the Middle East. Among individual stocks, notable gainers included Laser Power (10.0%), Jio Financial (4.1%), 360 One (3.8%), and Billionbrains (2.7%). On a weekly basis, the benchmark index is up a modest 0.28% so far.