The equity benchmark indices Sensex and Nifty rebounded on Friday, snapping their longest weekly losing streak in 25 years, led by information technology stocks after Tata Consultancy Services (TCS) reported quarterly earnings that highlighted growing revenue contributions from artificial intelligence and strong international business growth.
The Sensex jumped 879.09 points, or 1.23 percent to settle at 72,472.33. During the day, it surged 1,075.96 points, or 1.5 percent to 72,669.20.
The Nifty climbed 288.65 points, or 1.3 percent to close at 22,520.45.
For the week, the Nifty 50 and Sensex gained 0.4 percent and 0.8 percent, respectively. Both indices had declined over the preceding eight weeks, with the Nifty falling 8.7 percent and the Sensex losing 8.4 percent.
Choice Institutional Equities said the Nifty's weekly chart had formed a Doji candlestick, indicating indecision between buyers and sellers following the prolonged correction.