The Indian stock market experienced significant gains, with the Sensex jumping 557.45 points to close at 76,905.51 and the Nifty rallying 159.75 points to end at 23,350.40. The market's upward momentum was driven by positive trends in the domestic equity markets and fresh foreign institutional investor (FII) inflows. The Indian rupee appreciated against the US dollar, closing at 85.97, marking its best weekly gain in over two years. This strengthening was attributed to dollar inflows and a positive domestic market sentiment, despite a slight rise in the dollar index and crude oil prices. Accenture's quarterly earnings report influenced the Indian IT sector, with the company raising its full-year revenue forecast to a range of 5% to 7%. However, the cautious outlook on US government spending due to cost-cutting initiatives by the Department of Government Efficiency (DOGE) led to a 7% drop in Accenture's shares. Accenture's federal services, accounting for 8% of its global revenue and 16% of its Americas revenue, were impacted by these initiatives led by Elon Musk. This affected investor sentiment towards Indian IT stocks such as Infosys and Wipro, whose ADRs fell by 3%.