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Sensex posts sixth consecutive gain on IT sector rally
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Sensex rises for the sixth straight session to 84,556, driven by IT stocks and optimism over an India-US trade pact; analysts foresee continued inflows but near-term consolidation.
The BSE Sensex gained 130 points to close at 84,556 on October 23, marking its sixth straight session of gains. IT majors including Infosys, HCL Tech, and TCS led the advance amid optimism over a potential India-US trade deal. The Nifty 50 hovered near record highs with midcaps lagging due to profit booking. Analysts note steady foreign inflows and robust corporate earnings momentum could sustain the rally through November, though overbought technical levels may trigger short-term consolidation.