Indian stocks rose in morning trade on Friday, with the BSE Sensex up 352.31 points, or 0.47%, to 74,667.92 and IT stocks leading the gains; Tech Mahindra climbed 7.44% and Infosys advanced 4.36%. The rally followed a strong Thursday, when the Sensex surged 2.11% and the Nifty50 gained 1.66%, their biggest single-day gains in four months, supported by a rebound in global AI-related trading and lower US Treasury yields. The Securities and Exchange Board of India reversed its plan to settle expiring derivatives using the closing auction session, and will instead use volume-weighted average prices from the final 30 minutes of regular trading. Foreign investors have sold Indian shares, with year-to-date outflows of $32.8 billion, while crude oil prices remain elevated amid Middle East tensions. Investors are watching global technology stocks, interest-rate expectations, oil prices and the impact of the revised settlement mechanism.
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