India's Nifty IT index (.NIFTYIT) surged 1% in early trade on Dec 4, 2025, outperforming broader markets amid positive US futures, AI deal optimism, and Q3 earnings anticipation. Leaders like TCS, Infosys, HCL Tech drove gains despite rupee pressure and RBI policy wait.
Sector Surge Drivers
The IT heavyweight index climbed ~400 points to hover around 39,800 levels, extending yesterday's momentum after Q2 beats and global tech rally (Nasdaq +0.7%). Buoyed by US Fed cut signals and client AI spend hikes, sector shrugs off FII outflows (₹3,207 cr) and rupee at 90.15/USD. Nifty 50 up 0.1% lags, highlighting IT's resilience pre-RBI policy.
Key Highlights
Index Leap: .NIFTYIT +1% (~400 pts); day high ~39,850 vs prev close 39,450.
Top Gainers: TCS +1.8%, Infosys +1.4%, HCL Tech +1.6%, Wipro +1.1%; LTIMindtree +2.1%.
Market Context: Outpaces Nifty (+0.1%), Sensex (+0.15%); 9/10 stocks green amid weekly expiry volatility.
Catalysts: AI contracts, Q3 previews (TCS Dec 10), US tech cues; rupee drag offset by USD revenues.
Sources: Reuters (RTRS), NSE India, Moneycontrol, ET Now