Sensex and Nifty Rise on Infosys Guidance Upgrade and Banking Gains

Indian stock markets closed higher on January 16, 2026, with the Sensex rising about 188 points to 83,570 and the Nifty gaining around 29 points to 25,694. The rally was led by IT stocks, particularly Infosys, which raised its full-year revenue growth guidance to 3-3.5% from 2-3%, boosting sector sentiment. Banking stocks also supported gains amid improving Q3 results. However, profit booking and continued foreign institutional investor selling capped broader market advances. Global cues and optimism over India-US trade talks further influenced market sentiment.