Overview
- Infosys raised its full-year FY26 revenue growth guidance to 3%–3.5% from 2%–3% and its shares jumped about 5% after better-than-expected Q3 results.
- Indian benchmarks rallied intraday before paring gains, with the Sensex closing up 0.23% at 83,570 and the Nifty up 0.11% at 25,694.
- IT led the move, with the Nifty IT index up about 3% and broad sector gains extending to Wipro, Tech Mahindra and HCL Tech.
- Provisional exchange data showed FPIs were net sellers of roughly Rs 4,781 crore on Wednesday, partly offset by DII net buying of about Rs 5,217 crore.
- Global risk tone steadied as strong TSMC results lifted chip and tech shares in the U.S., oil prices eased on reduced Iran tension, and U.S. jobless claims fell to 198,000.