Sensex, Nifty Gain Early as IT Stocks Rally on Infosys Boost; Rebound Sustains?

• Indian equity benchmarks Sensex and Nifty opened higher, extending early gains, driven by strong buying momentum.
• IT stocks led the rally, with Infosys surging nearly 5% after strong Q3 FY26 results and an upbeat revenue outlook, boosting peers like Wipro and Tech Mahindra.
• The Sensex rose 359.3 points to 83,742 and the Nifty gained 82 points to 25,747.7 by 09:50 am, showing improved market breadth.
• Global cues were supportive, with US markets rising overnight on strong earnings and Asian equities on track for a weekly winning streak.
• Analysts caution that the market remains in a consolidation zone, with no strong triggers for a sustained rally, and FII selling continues to be a factor.

Why It Matters: Indian markets opened strong, led by IT stocks and Infosys, but analysts remain cautious about sustained gains.