Stock Markets End Higher As Sensex Rises 238 Points, Nifty Tests 24K

Dalal Street extended its rally on Friday despite rising geopolitical tensions. The Sensex and Nifty rally was led by IT stocks after Tata Consultancy Services (TCS) reported better-than-expected June quarter earnings, while easing concerns over crude oil prices despite fresh US-Iran tensions also improved sentiment.

Around 10 am, the BSE Sensex was trading 800.61 points, or 1.04%, higher at 77,542.43, while the NSE Nifty50 gained 247.80 points, or 1.03%, to 24,210.60.

The biggest support came from IT stocks after TCS kicked off the June-quarter earnings season with numbers that beat Street expectations. The Nifty IT index jumped over 3%, making it the best-performing sector in early trade.