Summary · why it matters
Indian shares ended Friday's session on a buoyant note, with the BSE Sensex settling 827.57 points, or 1.08 percent, higher at 77,569.39 and the NSE Nifty index surging 244.10 points, or 1.02 percent, to close at 24,206.90. Firm cues from global markets and Tata Consultancy Services' better-than-expected first-quarter earnings helped underpin investor sentiment. TCS, India's largest software services exporter, reported a healthy 14 percent rise in quarterly revenue, beating analysts' estimates, driven by a weak rupee and higher spending by banking clients, while profit rose about 5 percent from last year. The BSE mid-cap and small-cap indexes jumped 1.4 percent and 1.2 percent, respectively, and market breadth was strong with 2,884 shares rising against 1,372 falling. Among the top gainers, HCL Technologies, Larsen & Toubro, Adani Ports, UltraTech, Bajaj Finance, Infosys, Tata Steel, Axis Bank, BEL, Tech Mahindra and Reliance Industries all rose around 2 percent.