13-Oct-2026 12:53:07
Nifty IT Rallies Over 5% as HCLTech, TCS Surge on Strong Results and AI Concerns
The Nifty IT index surged over 5% on October 13, led by HCLTech and TCS after strong quarterly results boosted sentiment. HCLTech gained 7.4%, TCS 6.2%, Tech Mahindra 4.3%, Wipro 3.66% and Infosys 3.3% in morning trade. HCLTech’s 21.2% YoY profit growth and $3.26 billion deal wins supported buying. Investors also rotated towards Indian IT stocks amid concerns over AI infrastructure spending returns, while a stronger dollar offered additional support.