IT gains 7.6% in the week; Diversified up 4.1%

The week's biggest sector moves were all gains: IT up 7.6%, Diversified up 4.1%, Telecom & Media up 3.4% on the average of their tracked constituents over five sessions.

33 of 35 tracked IT constituents rose over the week. TATAELXSI (+23.0%) led and TECHM (+18.2%) followed; OFSS (-1.2%) was weakest.

In the news: AI revenue is surging at Indian IT firms, but how much is adding to growth?; LTM Q2 Results: Profit Drops Nearly 5% To Rs 1,398 Crore, Revenue Up 2% Sequentially; Market wrap: Tech Mahindra, TCS, InterGlobe, BSE top gainers and losers on Nifty and Sensex on Friday.

2 of 2 tracked Diversified constituents rose over the week. GODREJIND (+5.9%) led and ADANIENT (+2.2%) followed; ADANIENT (+2.2%) was weakest.

In the news: Fairfax's IDBI deal premium justified by strategic fit, scale: Analysts; Tata Power builds diversified energy pipeline to tap data centre growth; Adani Ent Share Price Live Updates: Adani Enterprises Records Minor Increase.

15 of 19 tracked Telecom & Media constituents rose over the week. TIPSMUSIC (+17.4%) led and PFOCUS (+11.3%) followed; STLTECH (-15.3%) was weakest.

In the news: TIPS Music zooms 10% to hit 52-wk high after Q2 nos, ₹6.50/share dividend; Reliance Jio IPO: Should investors chase listing gains or focus on long-term value? Experts weigh in; Jio Platforms IPO: GMP hits new high; what could drive next phase of growth for telecom major.

Trading resumes on Monday, 19 October.