The Indian stock market started the day on a strong note, with the Sensex and Nifty indices rising as TCS led the IT sector’s surge, up 5% in early trading.

The Indian equity markets, represented by the Sensex and Nifty, opened higher on Wednesday, with the IT sector leading the charge. The Sensex rose 0.8% to 31,715, while the Nifty surged 0.9% to 9,530. The gains were led by a 5% jump in Tata Consultancy Services (TCS), India’s largest IT company. The stock was followed by other IT majors like Infosys, HCL Technologies, and Wipro, which rose between 2-3%. The IT sector has been a major driver of the Indian stock market in recent years, and the current rally was seen as a sign of their continued strength. The gains were also attributed to the US Federal Reserve’s decision to pause interest rate hikes, which lifted global markets. Other sectors such as banking and finance also rose, while healthcare and autos were marginally lower. The market breadth was positive, with 120 shares rising on the BSE, while 50 fell.