IT Titans Roar: Nifty IT Index Surges 1% in Bullish Charge!

Sector Surge Breakdown

The Nifty IT benchmark advanced sharply, outpacing broader markets as heavyweights like TCS, Infosys, and HCL Tech led gains. Positive pre-open momentum in Nifty 50 (up 0.37%) and Bank index (0.21%) set the tone, with IT stealing the spotlight on deal wins and margin recovery hopes.

Key Highlights

Index Performance: .NIFTYIT up 1%, crossing 38,000 levels with intraday high near 38,200.

Top Gainers: TCS +1.5%, Infosys +1.2%, Wipro +0.9%; driven by $10 bn US contract buzz.

Market Drivers: Weak USD/INR at 84.20 boosts repatriation; Q3 earnings season kicks off positively.

Technical Edge: RSI above 60 signals momentum; support at 37,500, eyeing 39,000 resistance.

Outlook Ahead

Sustained FII inflows and cloud/AI tailwinds position IT for year-end rally, with focus on Dec policy meets.

Sources: NSE Real-Time Data, Moneycontrol Market Updates, Economic Times Tech Desk.​