Indian benchmark equity indices closed the trading session higher on October 16, 2026, driven by strong market momentum. The BSE Sensex advanced by 413 points, while the broader NSE Nifty successfully settled above the 23,100 mark.

Market activity reflected positive sentiment across several major counters, with technology stocks seeing notable movement. Shares of Tech Mahindra surged by approximately 8 percent during the session, contributing significantly to the day's gains alongside other major IT names.