BSE Sensex gains 414 points as Tech Mahindra leads IT rally
Published on 10/16/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIT earnings and Monday catalysts
- The BSE Sensex closed at 74,729 points on October 16, up 414 points or 0.6 percent.
- Tech Mahindra's 8.5 percent gain led IT shares after upbeat quarterly results.
- TCS gained 4.7 percent and Infosys rose 4.5 percent.
- Bajaj Finance's earnings call is scheduled for October 19 at 6:00 p.m. IST.
The BSE Sensex closed at 74,729 points on October 16 at 3:35 p.m. IST, gaining 414 points or 0.6 percent. IT shares led the advance, with Tech Mahindra rising 8.5 percent after quarterly results.
Tech Mahindra led the benchmark's stock movers, while TCS gained 4.7 percent and Infosys rose 4.5 percent, ET Now reported.
Why did the BSE Sensex rise on October 16?
Technology shares extended their gains after Tech Mahindra reported better-than-expected quarterly revenue, earnings before interest and taxes, and margin performance, NDTV Profit reported.
Oil prices remained under pressure as the index extended its recovery for a second session. Business Standard linked the advance to IT strength and softer oil prices, while warning that foreign investor outflows continued to weigh on the market, Business Standard reported.
BSE Sensex course from the open
The index opened at 74,341 points and fell to an intraday low of 74,013 points before recovering. The rebound followed early selling across several sectors as technology shares offset weakness elsewhere, India Today reported.
The Sensex finished the week 3.1 percent higher. IT was the strongest sector, while oil and gas was the weakest sector in the broader market, according to Business Standard.
What comes next for the BSE Sensex
- October 19, 2026, 9:15 a.m. IST: The next BSE Sensex session opens after the Saturday and Sunday market break.
- October 19, 2026, 6:00 p.m. IST: Bajaj Finance is scheduled to hold its second-quarter earnings call, ScanX reported.
