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IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?

Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors also awaiting the US Federal Reserve's policy decision.

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Economic TimesLean R·2h ago
IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?
Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors also awaiting the US Federal Reserve's policy decision.
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IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?

How 2 sources are covering this

IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?

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