The Indian equity benchmark indices Sensex and Nifty surged nearly 1% on Friday, achieving new lifetime highs, driven by strong buying in IT and tech stocks following robust earnings from Tata Consultancy Services (TCS).

Investor sentiment was further bolstered by rallies in Reliance Industries and Infosys, according to traders.

The 30-share BSE Sensex leaped 622 points, or 0.78%, to close at a new high of 80,519.34. Earlier in the day, the index soared 996.17 points, or 1.24%, to reach an intraday all-time high of 80,893.51.

Key Highlights:

• Sensex Surge: Up 622 points (0.78%) to 80,519.34
• Intraday High: Reached 80,893.51 with a 996.17 point gain (1.24%)
• Key Drivers: Strong earnings from TCS; rallies in Reliance Industries and Infosys
• Nifty Performance: Also saw significant gains, hitting new lifetime highs

The impressive performance of IT shares, combined with the strength of major companies like Reliance and Infosys, contributed to the market’s bullish trend, reflecting robust investor confidence.