Sensex Gains 250 Points, Tejas Networks Surges 9% as Nifty Eyes 24,200

The Quick Take

• BSE Sensex rose as much as 250 points to 77,183, with NSE Nifty 50 approaching the 24,200 level
• Tejas Networks surged 9% to lead mid-cap tech gainers amid improved global sentiment post-NVIDIA earnings
• IT and telecom sectors outperformed as markets recovered from Thursday's CAS-triggered volatility

Indian equity markets opened on firm footing with the BSE Sensex rising 250 points and the NSE Nifty 50 testing the 24,200 zone, as global sentiment improved following NVIDIA's strong earnings. The session saw outperformance in technology and telecom names, with Tejas Networks—a telecom equipment maker with government contract exposure—surging 9% to lead the broader advance as risk appetite recovered.

The market's resilience is notable given the extreme volatility from the Closing Auction System CAS implementation on Thursday, which triggered a 2,000-point Sensex crash during the monthly expiry. Friday's relative calm during the CAS session suggests institutional confidence is returning, though options traders remain cautious about sharp end-of-day moves as the new settlement mechanism finds its equilibrium.

Key forward signals include the RBI monetary policy committee schedule, with markets pricing modest rate easing in the second half of fiscal 2027. Investors should track weekly FII flow data and the rupee's trajectory against the dollar—sustained rupee strength above 83.50 per dollar would signal continued foreign inflows and provide a floor for index levels heading into the next expiry cycle.

Synthesized from 1 source.