IT Stocks Surge As Mphasis, Wipro, HCL Tech Lead Nifty Gains

The surge comes as investors bet on resilient earnings from IT majors despite global macroeconomic uncertainties. Analysts highlight that digital transformation, cloud adoption, and AI-led services continue to support growth for Indian IT companies.  

Market Performance  

Mphasis, Wipro, and HCL Tech were among the top gainers, each rising between 3-4%. Infosys and TCS also posted modest gains, contributing to the sector-wide rally. The Nifty IT index outperformed broader benchmarks, lifting overall market sentiment.  

Investor Sentiment  

The rally reflects renewed confidence in IT services exports, particularly in North America and Europe. With upcoming quarterly results, investors are positioning for stable margins and robust deal wins.  

Key Highlights  

- Mphasis, Wipro, HCL Tech rise up to 4%  

- Nifty IT index gains nearly 2%  

- Infosys and TCS add to sector momentum  

- Strong deal pipelines and AI-led services drive optimism  

- IT sector outperforms broader market benchmarks  

Sources: Economic Times, Business Standard, Moneycontrol