Infosys Ltd. recorded a significant block trade on the National Stock Exchange (NSE), highlighting substantial institutional trading activity in the IT major's shares. The transaction represents one of the notable block deals in the technology sector.

Block Trade Details

The block trade executed on NSE involved substantial volume and value, demonstrating significant investor interest in the company's shares.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted outside the regular market mechanism to minimize impact on the stock's market price. The execution of such a substantial block trade indicates active institutional participation in Infosys shares.

The transaction involved over one million shares, representing a considerable volume that reflects the liquidity and investor interest in the IT services company. Block trades of this magnitude often signal strategic portfolio adjustments by large investors or institutional rebalancing activities.

Transaction Overview

The block trade was executed at ₹1,686.40 per share, representing the agreed price between the buyer and seller for this off-market transaction. Such trades are pre-negotiated between parties and executed as a single large transaction rather than multiple smaller orders in the regular market.

This block trade activity demonstrates the continued investor focus on India's leading IT services companies and reflects the ongoing institutional interest in the technology sector.

Indian equity markets staged a sharp rebound on Friday, with both benchmark indices climbing decisively as a strong earnings surprise from Infosys reignited risk appetite and pulled heavyweight IT stocks sharply higher. The rally pushed the Sensex and Nifty to fresh intraday highs, reversing recent caution and setting a bullish tone for the session.

Market Performance Overview

The market performance reflected broad-based optimism with significant gains across key indices:

Both indices opened with strong momentum, with the Sensex climbing 277 points at the open and the Nifty advancing 66 points to start the session positively.

IT Sector Leads Market Rally

IT stocks dominated the gainers' list, with the sector showing remarkable strength after Infosys raised its revenue guidance:

Infosys emerged as the standout performer, marking its biggest intraday percentage gain in four months. The company unexpectedly raised its fiscal 2026 revenue growth forecast from 2%-3% to 3%-3.5%, signaling a healthier demand environment. Market participants pointed to steady discretionary technology spending, renewed momentum in the company's core financial services business, and stronger artificial-intelligence partnerships.

Earnings Momentum Drives Heavyweight Stocks

The early days of the earnings season reinforced bullish sentiment with strong results across sectors:

The momentum was particularly visible in banking stocks, with the Nifty Bank index jumping more than 400 points and inching closer to a fresh record high. Key banking heavyweights ICICI Bank and HDFC Bank are scheduled to report earnings on Saturday, while Reliance Industries is set to announce quarterly results after market hours on Friday.

Trade Optimism and Global Factors

Investor sentiment drew additional support from positive trade developments:

Markets largely shrugged off reports around delays in a US Supreme Court ruling on the legality of tariffs imposed during the Trump administration, with the absence of an immediate verdict helping temper fears of near-term global volatility.

Technical Outlook and Expert Views

Technical indicators suggested that while Friday's rebound gathered momentum, the market undertone remains cautious:

Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that there are no triggers to take the market significantly up or down, with a directionless drift being the likely trend. Shrikant Chouhan from Kotak Securities observed that the intraday market texture remains non-directional, with traders waiting for either side to breakout.

Anand James, Chief Market Strategist at Geojit Investments, highlighted that support provided by 25,600 has allowed a reversal pattern to mature, though consistent trades above 25,715 would be needed to pursue further upsides targeting 26,020.