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Nifty Reclaims 23,000 as I.T. Stocks Rally; Tech Mahindra Jumps 7%, I.T. Index Gains Nearly 3%

Nifty Reclaims 23,000 as I.T. Stocks Rally; Tech Mahindra Jumps 7%, I.T. Index Gains Nearly 3%

Sakshi Batra
Sakshi Batra
  • New Delhi,
  • Oct 16, 2026,
  • Updated Oct 16, 2026, 1:50 PM IST

Indian equity markets are back above the 23,000 mark, with the Nifty trading higher as I.T. stocks lead the rally. The Nifty I.T. index has surged nearly 3%, extending its strong gains over the past week. Sneha Poddar, Vice President, Research Analyst, B&D, MOFSL, joins Sakshi Batra to discuss the latest market moves and the factors driving investor sentiment. Tech Mahindra is among the top Nifty gainers, rising around 7%, while Infosys, TCS and HCLTech also support the uptrend. Metals, PSU banks and auto stocks are contributing to the gains, although broader markets remain mixed. What lies ahead for the markets?