The Indian stock market recorded a broad-based recovery on October 15, 2026, with both benchmark indices closing higher. The BSE Sensex rose 1,533.72 points, or 2.11%, to close at 74,315.61, while the NSE Nifty gained 374.65 points, or 1.66%, to settle at 22,997.35.
Buying across information technology (IT), automobile, private banking and infrastructure stocks supported the benchmark indices. Value buying in stocks that had recently fallen to lower levels also contributed to the gains. However, mid-cap and small-cap stocks underperformed the benchmark indices.
The Sensex advanced 1,533.72 points, or 2.11%, to 74,315.61 at the close. The Nifty rose 374.65 points, or 1.66%, to end the session at 22,997.35.
The gains came after recent declines had pushed several stocks to lower levels, prompting some investors to buy at those prices. This activity is commonly referred to as value buying.
The IT sector was among the key contributors to the market's advance. The IT index gained approximately 2.4%. According to the available data, the index had risen by around 8.3% over the previous three trading sessions.
Shares of Infosys, Tata Consultancy Services (TCS) and HCL Technologies each gained approximately 3%. Tech Mahindra advanced around 3.5%, while Wipro rose 1.7%.
Tech Mahindra, ICICI Bank, Bharti Airtel, HCL Technologies and BSE Ltd. were among the leading gainers on the Nifty. Buying in IT stocks ahead of quarterly earnings announcements also drew investors' attention.
In addition to IT, indices tracking the automobile, infrastructure, oil and gas, private banking and real estate sectors each gained more than 1%.
Buying in financial stocks contributed to the gains in the benchmark indices. HDFC Bank and ICICI Bank, which carry significant weight in the market, rose approximately 1.2% and 2%, respectively. Gains in private banking stocks supported the advances in both the Sensex and the Nifty.
Reliance Industries shares also advanced around 3%. According to the available information, the company filed a red herring prospectus (RHP) for the proposed initial public offering (IPO) of Jio Platforms, drawing investor attention to the company and its digital business.
