Sensex Rallies as IT Earnings Surprise, Gold Prices Climb on Global Unrest

The Sensex closed more than 300 points higher today, snapping a week of volatility as major IT firms reported stronger-than-expected quarterly profits. Information technology and pharma stocks saw brisk gains while mid-caps rebounded from recent lows. At the same time, gold prices rose both globally and in India as fresh instability in the Middle East drove safe-haven demand. Analysts expect market swings to persist as geopolitical factors and global earnings continue to shape trading sentiment.