In opening trades Sensex scaled to a new peak of 61,817 higher by 512 points or % 0.83%. Likewise, the Nifty was quoting at 18,454 adding 115 points.
Nifty IT index rallied 1.19% as brokerages shared their outlook on Q2FY22 earnings for the sector.
In opening trades, Sensex slipped 18 points or 0.03% to 59,280 while Nifty 50 was quoting at 17,688 lower by 2 points or 0.01%.
After a week-long consolidation, the Indian market is back in action despite unfavourable global sentiments.
In opening trades Sensex adds 277 points or 0.47% to 59,042 while the Nifty 50 was trading at 17,615 higher by 83 points or 0.48%.
The domestic market remained in the consolidation phase throughout the week as the market lacked major positive domestic cues.
Shares in Europe declined while Asian markets slipped, following an overnight drop on Wall Street
Nifty Bank index was the top loser down by 1.04%, Nifty Metal index losing around a per cent.
Sensex closed at 59,126.36, down 286.91 points or 0.48%, while Nifty dropped 93.15 points or 0.53% to 17,618.15
Gartner’s estimates that outsourced IT services spend are likely to grow at an 8.6% CAGR over 2020-25.