India's IT sector tracks global cues, climbs to two-week high

Infosys

07/04/2026 08:34

Corrects headline and third bullet to say index hits nearly two-month high, not two-week high

** Shares of India's technology stocks Tata Consultancy Services TCS.NS, Tech Mahindra TEML.NS, LTIMindtree LTIM.NS and Wipro WIPR.NS gain more than 2% each

** Infosys INFY.NS and Coforge COFO.NS climb more than 1% each

** The Nifty IT index .NIFTYIT hits a nearly two-month high, up 2.1%, and poised for a fourth consecutive session, if gains hold

** The IT index set for its longest daily winning streak so far this year

** In contrast, benchmark Nifty 50 .NSEI down 0.2%

** The uptick is a tactical bounce following a recent sell-off, Geojit Investments' Chief Investment Strategist VK Vijayakumar notes

** Anticipation of better-than-expected fourth-quarter results also aids the sector, Vijayakumar says

** Expectations that the RBI may not undertake any hawkish step also helped lift risk sentiment on Tuesday

** Wall Street posted decent overnight gains as investors looked for signs of progress in a U.S.-Iran ceasefire deal .N

** Year-to-date, Nifty IT index down 17%, while Nifty 50 down 12.2%

 (Reporting by Pranav Kashyap in Bengaluru)

 ((pranav.kashyap@tr.com; +919886482111;))