Indian benchmark indices bounced back on Friday, 28 August 2026, ending higher to snap a two-day losing streak. A strong rally across Information Technology (IT) stocks, combined with easing international crude oil prices and upbeat global market cues, lifted market sentiment.
The BSE Sensex surged 330.91 points (+0.43%) to close at 77,264.51. Concurrently, the NSE Nifty 50 gained 84.80 points (+0.35%) to settle at 24,175.65.
Market Snapshot
| Index | Closing Level | Absolute Change | Percentage Change |
| BSE Sensex | 77,264.51 | +330.91 | +0.43% |
| NSE Nifty 50 | 24,175.65 | +84.80 | +0.35% |
| Nifty Midcap 100 | 64,069.50 | +34.05 | +0.05% |
| Nifty Smallcap 100 | 20,080.00 | +39.35 | +0.20% |
Top Nifty 50 Gainers & Losers
Top Gainers
- Tata Consultancy Services (TCS): ₹2,342.00 (+4.16%) — Led frontline gainers as strong tech sector demand lifted heavyweights.
- Tech Mahindra: ₹1,540.00 (+3.53%) — Advanced sharply on robust software spending expectations.
- Infosys: ₹1,144.00 (+2.99%) — Supported the rally following upbeat global cloud and consulting guidance.
- HCL Technologies: ₹1,316.10 (+2.66%) — Gained alongside broad accumulation in IT counters.
- Wipro: ₹180.95 (+2.58%) — Rose following its expanded enterprise AI partnership announcement.
Top Losers
- ICICI Bank: ₹1,422.80 (-1.40%) — Headed private banking laggards amid institutional profit-taking.
- Shriram Finance: ₹1,080.00 (-1.28%) — Slipped under minor pressure across retail finance names.
- ITC Ltd: ₹266.00 (-1.12%) — Dragged defensive FMCG counters lower.
- UltraTech Cement: ₹11,589.00 (-1.09%) — Experienced profit-booking following early sector strength.
- Asian Paints: ₹2,608.70 (-0.85%) — Eased slightly on mixed demand commentary.
Key Market Drivers
- IT Sector Surge: The Nifty IT index led sectoral gains as stellar Q2 earnings and raised guidance from global software giant Salesforce boosted optimism for Indian tech exporters.
- Softening Crude Oil Prices: International Brent crude futures drifted lower, relieving immediate macro pressure on domestic inflation and supporting market sentiment.
- Broader Market Support: Midcap and Smallcap indices closed marginally in the green, supported by strong stock-specific moves such as Coforge (+5.93%) and Ather Energy (+8.09%).
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Rupee at Close
28 Aug, 2026
Indian rupee ended 16 paise higher at 95.38 per dollar on Friday versus previous close of 95.54.
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FII’s & DII’s Activity on 28 Aug, 2026
Net value in crores
| BUY | SELL | |
| DII | 5,183.93 | |
| FII | 5,039.80 |
Source : NSE
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NOTE: *** The above information is based on the source and just for information and educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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