A larger-than-expected surge in US crude oil in storage, along with a rise in gasoline stocks, weighed on oil prices. Crude inventories grew by 9.9 million barrels in the week to Oct. 7 to 439.1 million barrels, the US Energy Information Administration said

Market expert Saurabh Mukherjea it does not make sense to him that several market participants are turning bearish on the tech sector as Indian IT services companies will continue to get more geals in the pipeline.

The Dow Jones Industrial Average rose 827.87 points, or 2.83 percent, to 30,038.72, the S&P 500 gained 92.88 points, or 2.60 percent, to 3,669.91 and the Nasdaq Composite added 232.05 points, or 2.23 percent, to 10,649.15.

Infosys — India's second largest software exporter — reported a strong overall quarterly performance backed by a strong addition in large deals, robust margin expansion and easing attrition. Analysts from the likes of Macquarie, Credit Suisse and CLSA see upside potential to the tune of 20-32 percent in Infosys shares, at a time when IT remains one of the worst hit spaces on Dalal Street so far in 2022.