Another near-term trigger for the stock would be the September quarter performance
The strong numbers posted by Infosys, Wipro, and Mindtree dissipated worries that arose after TCS's results
Equity benchmark Sensex rallied over 350 points in opening trade on Thursday to cross the 61,000-mark for the first time, driven by gains in Infosys, HDFC Bank and Reliance Industries.
The Nifty50 closed at 18,162, up 170 points, or nearly 1%, extending its year-to-date gains to 30%
HCL Tech, Tech Mahindra, UltraTech Cement, TCS and Sun Pharma were among the laggards
Rate-sensitive banking and realty indices ended in the red, but auto closed with gains
Investors were rattled the past few weeks due to prospects of higher inflation and reduced stimulus. A likely deal between US lawmakers to boost US debt limit into December calmed nerves
FPIs sold shares worth Rs 803 crore on Wednesday, taking their two-day selling tally past the Rs 2,000-crore mark
IndusInd Bank emerged as the biggest gainer among the 30-share companies pack
Stock market LIVE: All sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 per cent range
Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green
The Sensex ended the session at 59,299, a gain of 533 points or 0.9 per cent
Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)
The broader Nifty50 declined 86.10 points or 0.49 per cent to close at 17,532.05
Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent
Among sectors, the BFSI sector can throw up a positive surprise for the investors in terms of performance and the ensuing guidance
Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent
Analysts see correction as a trend reversal that could last a while
Analysts said investors were booking profits in IT stocks after they gave good returns this year
Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days