Indian stocks hit the jackpot again on Monday, reaching record highs thanks to strong results from tech giants like Wipro, TCS, and HCL. The main index, Sensex, crossed a whopping 73,000 points, while Nifty climbed beyond 22,000 for the first time ever!
Wipro Leads the Charge with Stellar Earnings
Wipro stole the show, with its shares spiking over 14% after smashing their Q3 estimates. This boost added a cool ₹18,000 crore to the company’s market value, making it the top gainer of the day. Other IT heavyweights like Tech Mahindra, HDFC Bank, and SBI also contributed to the surge.
Q3 Results: The Secret Sauce
Analysts say the IT sector’s stellar Q3 performances are the main drivers behind this market boom. HCL Technologies, for example, reported its highest-ever quarterly net profit, proving that tech is back in top form. This positive momentum, combined with optimistic forecasts from company leaders, is fueling investor confidence and pushing markets higher.
More Fireworks Expected in January
With several big tech firms yet to release their Q3 results, experts predict the market party will continue for a while. So, buckle up and enjoy the ride, folks! Just remember, investing always carries risks, so consult your financial advisor before making any decisions.
