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Technology shares outperform as Nifty IT index rallies nearly two percent on upbeat outlook
Indian IT stocks surged as the Nifty IT index rose two percent, led by Infosys and HCLTech amid upbeat global cues and stronger investor confidence in earnings recovery.
Technology counters led Indian equity gains with the Nifty IT index climbing close to two percent amid strong global tech momentum and robust quarterly expectations. Infosys and HCLTech advanced up to three percent each, contributing majorly to benchmark recovery. Traders cited supportive cues from firm Asian markets and renewed foreign institutional investor interest in export-driven sectors.
The rebound followed sustained weakness earlier in the week, signaling renewed investor confidence in India’s technology earnings cycle as macro headwinds from U.S. policy uncertainty began easing.