Indian Stock Market Today: SENSEX Jumps 350 Points, NIFTY50 Above 24,150 as IT Stocks Rally

Indian stock market indices extended gains through Friday morning, August 28, 2026, led by a sharp IT sector rally. The Sensex climbed roughly 366 points, or 0.47%, to near 77,295. The Nifty50 pushed past 24,168, building on its early gains. Nifty IT rose over 1% as traders awaited Fed Chair Kevin Warsh’s Jackson Hole remarks.

Why IT Stocks Are Driving Today’s Rally

Technology Shares Lead Sector Gains

Nifty IT rose more than 1% in early trade, making it the top-performing sector on the index. Heavyweights like Infosys, TCS, and HCL Technologies contributed meaningfully to today’s gains. This rebound follows Wednesday’s session, when IT stocks were among the biggest laggards on the index.

A Sharp Reversal From Wednesday’s Selloff

The Sensex had fallen 183.15 points, or 0.24%, to 77,472.94 on Wednesday, August 26. Infosys ranked among Wednesday’s top losers, dragged down by broader IT sector weakness. Today’s rebound suggests investors are rotating back into technology names after that pullback.

What’s Driving Broader Market Sentiment Today

Jackson Hole Symposium Keeps Traders Cautious

Markets remain focused on Federal Reserve Chair Kevin Warsh’s upcoming remarks at the Jackson Hole Symposium. His commentary on US interest rate policy could meaningfully influence global risk appetite. Asian markets traded mixed Friday morning as investors positioned ahead of this closely watched speech.

Global Cues Remain Mixed Overall

Asian equity markets showed no clear directional trend heading into Friday’s session. Investors continue weighing Nvidia’s recent earnings report alongside ongoing West Asia geopolitical tensions. These crosscurrents have kept Indian benchmark indices range-bound over the past several trading sessions this week.

Market Breadth and Broader Index Performance

Midcap and Smallcap Indices Track Along

Broader market indices have shown mixed performance alongside the Sensex and Nifty50 this week. The Nifty MidCap and Nifty SmallCap indices posted varying moves during Wednesday’s session, with SmallCap actually rising 0.81% despite the main indices closing lower that day.

Bank Holiday Adds Limited Trading Context

Today’s session comes as several Indian states observe a Raksha Bandhan bank holiday, though stock exchanges remain fully operational nationwide. NSE and BSE trading continues as normal regardless of regional banking closures, keeping today’s IT-led rally unaffected by the holiday.

Stocks to Watch Alongside the IT Rally

Other Sector Movers in Focus

Beyond IT majors like Infosys and TCS, investors are also tracking Bharti Airtel and Power Grid Corporation, both of which were among Wednesday’s top losers. Reliance Industries and HDFC Bank remain key heavyweights whose movements typically influence the Sensex’s overall direction on sessions like today’s.

Sensex opens 200 points higher, Nifty above 24,100; IT stocks rally

Benchmark indices opened higher on Friday, recovering some ground after two consecutive sessions of losses, as easing crude oil prices and a positive global technology outlook supported sentiment. However,… pic.twitter.com/gPFswr90RG

— IndiaToday (@IndiaToday) August 28, 2026

What Investors Should Watch Next

Traders should monitor Kevin Warsh’s Jackson Hole comments closely for interest rate signals. IT sector momentum could extend if global tech sentiment stays supportive. Any fresh developments in West Asia could also quickly shift market direction later in today’s session.

Final Word

Today’s IT-led rally shows genuine sector rotation after Wednesday’s pullback. Jackson Hole remarks remain the key event risk for the remainder of Friday’s session. Investors should watch how Nifty IT performs through the close to confirm the strength of this rebound.

Disclaimer:

The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.