Sensex climbs 622 pts, Nifty ends above 24,500; TCS rallies 6.5%

The domestic equities surged today, with the Nifty50 closing near 24,500, driven by a strong showing from IT stocks. Positive sentiment was fueled by TCS's robust earnings and easing US inflation, boosting hopes of a September rate cut. However, with the earnings season in full swing and the union budget looming, expect more stock-specific action in the coming days.