Infosys, TCS, HCL Technologies to Tech Mahindra: Why are IT stocks rising today?
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The Indian stock market traded with strong gains on Friday, led by a rally in information technology (IT) stocks. The Nifty IT index gained as much as 2.3%, marking its second consecutive session of gains. The gains in IT stocks also lifted sentiment across the broader Indian stock market, with the benchmark indices rallying more than 1% each. The Sensex jumped 817.86 points, or 1.06%, to trade at 78,004.73, while the Nifty 50 was higher by 206.60 points, or 0.86%, at 24,279.35. The IT stocks have been under severe selling pressure this year. The Nifty IT index has fallen by nearly 23% on a year-to-date (YTD) basis, sharply underperforming the benchmark Nifty 50 which has dropped 7% during the same period. However, over the past month, the Nifty IT index has gained 1.4%, compared with a 0.8% rise in the Nifty 50. On Friday, Infosys, Tech Mahindra and HCL Technologies led the sectoral rally, rising more than 3% each. They were followed by Tata Consultancy Services (TCS), Persistent Systems, Mphasis and LTIMindtree. The rally in IT stocks came amid the ongoing June quarter earnings season, with major large-cap IT companies, including TCS, HCL Technologies, Wipro and Tech Mahindra, having already announced their Q1 results. (More to come) Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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