TCS Share Price; Sensex Jumps As Oil Eases

Empower India Ltd has climbed from ₹0.15 on the BSE on November 7, 2022, to ₹1.92 on Friday, a gain of about 1,180% in roughly four years, according to exchange data. The penny stock has multiplied nearly 13 times over a period in which the broader market has struggled. Indian benchmarks have been under sustained selling pressure. A weak rupee has driven dollar outflows from Dalal Street, and AI-led interest has pulled foreign money toward South Korea. Rising crude oil prices and US bond yields have added to the strain.

The Sensex climbed 943.67 points, or 1.32%, to 72,536.91 on Friday after opening 183.43 points higher and building on gains through the session. The index now sits about 1.72% above its 52-week low of 71,292.88. Larger stocks led the advance. The S&P BSE 100 rose 1.31% and the S&P BSE 150 Midcap Index gained 1.26%, while the S&P BSE 250 Smallcap Index added a smaller 0.54%. Despite the rebound, the Sensex remains below its 50-day moving average, which itself trades under the 200-day average.

Inox Green Energy Services jumped more than 15% on the NSE on Friday to an intraday high of ₹131.80, after opening at ₹117.04. The rally follows the company’s announcement that it will acquire the 4.5 GW operations and maintenance business of Wind World India for ₹550 crore. Elevated crude oil prices are also lifting demand for renewable energy stocks, and Inox Green is benefiting.

Friday’s green open has lifted sentiment, but market watchers warn that the close will show whether the recovery holds. The four indicators flagged are Nifty’s closing strength, confirmation from Bank Nifty, FII and DII flows, and crude oil prices. Indian equities staged a rebound attempt on Friday, a day after a sharp sell-off capped a week of extreme volatility. The broader picture remains difficult following a prolonged losing streak, and a single positive session does not yet confirm a change in trend.

Most Asian markets are trading in the red as investors stay cautious. South Korea’s KOSPI and Taiwan’s market are closed on Friday.

US markets closed mixed, with the Dow Jones recovering to end higher while the Nasdaq lost more than 1%. Worries over weaker-than-expected earnings at OpenAI dragged on semiconductor and other chip-related stocks.

The US has reportedly suspended Cognizant, Infosys, TCS, Wipro, HCL and Capgemini from the Permanent Labor Certification (PERM) programme. The move is a setback for Indian IT companies, which rely on the scheme to sponsor foreign workers for US green cards.

Tata Consultancy Services gained more than 4% on the NSE on Friday, a day after India’s largest IT services company posted its second-quarter numbers. The stock stood at ₹2,161 at 12:21 pm, higher by ₹85 or 4.09% against Thursday’s close of ₹2,076, having climbed as far as ₹2,204 during the session. About 81.04 lakh shares valued at ₹1,758 crore changed hands. The rally offers a pause in a prolonged slide. TCS has lost close to 29% in 12 months and nearly 33% so far in 2026, while the Nifty 50 has fallen roughly 14% over the same stretch. The share price sits far beneath its 52-week peak of ₹3,350 from February 3, 2026, but above the 52-week trough of ₹1,976.80 recorded on July 1, 2026.

Indian equities bounced back on Friday after Thursday’s rout erased more than ₹10 lakh crore from market value. By 10.30 AM, the Sensex had climbed over 800 points to 72,401, while the Nifty 50 moved above 22,500, up more than 250 points. President Donald Trump said the US will not strike Iran before the November 3 midterms and described talks as productive, pulling Brent below $103 a barrel. Information technology shares did the heavy lifting, with the Nifty IT index up 3% after TCS posted a 15% jump in second-quarter profit to ₹13,884 crore. US Treasury yields also eased, with the 10-year at 5.2%.