The SENSEX opened on Wednesday, 21 October, with a gap‑up that mirrored a positive trend across Asian markets. It surged as much as 829 points, reaching 74,517 by 9:48 am, while the NIFTY50 climbed 185 points to 23,073. The intraday high for the NIFTY50 touched 23,121, powered by gains from heavyweights such as Infosys, Tata Consultancy Services, Reliance Industries, ICICI Bank, Bharti Airtel, Larsen & Toubro and HCL Technologies.

Asian indices were higher on the day, with Japan’s Nikkei rising 1.23 %, Taiwan Weighted gaining 1.8 %, South Korea’s KOSPI surging 3.76 % and China’s Shanghai Composite falling 0.17 %. The rally was supported by early indications from the corporate earnings season that suggested strong profits for global companies, bolstering investor confidence, Reuters reported.

Overnight, U.S. shares largely finished higher on the back of robust profit reports from Equifax, Hasbro and other firms, while oil prices eased after peaking near their highest levels since the Iran war. The Dow Jones Industrial Average advanced 1.02 %, the S&P 500 gained 0.28 % and the tech‑heavy Nasdaq slipped 0.02 %.

On the domestic front, buying was evident across all major sector gauges compiled by the National Stock Exchange, all of which traded higher. The NIFTY IT index led the rally with a gain of over 2 %, while the NIFTY PSU Bank, Bank, FMCG, Metal, Pharma, Private Bank, Realty, Healthcare and Oil & Gas indices rose between 0.5 % and 1 %. The NIFTY Midcap 100 advanced 0.16 %, whereas the NIFTY Smallcap 100 remained unchanged.

Among individual stocks, L&T Technology Services surged 14.72 % to an intraday high of ₹4,143 after Monday’s post‑market announcement that its revenue rose 3.4 % sequentially to ₹3,040 crore (₹317 million). The company also secured large‑deal TCV wins of over $200 million in Q2, with AI‑related deals accounting for more than 50 % of the total. Infosys was the top gainer in the NIFTY50, rising 3.2 % to ₹1,167, while TCS, Ultratech Cement, Reliance Industries, ICICI Bank, HCL Technologies, Bharti Airtel, Tech Mahindra, JSW Steel, ITC and Jio Financial Services gained between 1.3 % and 2.5 %. On the downside, Bajaj Finance, Trent, Bharat Electronics, HDFC Life, Bajaj Finserv, Eicher Motors and Nestle were notable losers. Market breadth was negative, with 1,882 shares declining against 1,148 advancing on the NSE.