Sensex, Nifty snap eight-week slide as IT stocks shrug off US green-card freeze
Fortune India 2 hrs ago·9 Oct 2026, 11:00 am
Indian equity benchmarks, the Sensex and Nifty 50, ended a prolonged losing streak on Friday. After falling for eight consecutive weeks, the markets recovered as the broader indices posted gains. The rally was largely driven by the information technology sector, which defied a recent negative trend. This turnaround happened despite news of a potential freeze on US green cards, which had previously weighed on investor sentiment.
For investors, this recovery signals a shift in market mood. It suggests that the broader economy may be resilient to global headwinds, such as immigration policy changes. The strong performance of IT stocks indicates that these companies are still finding growth avenues despite regulatory hurdles abroad. This resilience is crucial for maintaining investor confidence in the domestic market.
Moving forward, traders will keep a close eye on global cues. Any further developments regarding the US immigration policy could impact IT stocks. Additionally, domestic economic indicators and corporate earnings reports will be key factors in determining if this rally can be sustained in the coming weeks.
Excerpt from Fortune India
Indian equities rebounded on Friday, with the Sensex and Nifty ending an eight-week losing streak as IT stocks rallied on strong quarterly results and investors appeared to look past the US government's suspension of major technology companies from a green-card programme. The Sensex gained 879.09 points, or 1.23%, to…Read the original at Fortune India
Key takeaways
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
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