India's IT stocks hit 3-week high after Infosys raises revenue outlook

LTM

16/01/2026 05:59

** India's IT stocks index .NIFTYIT rises about 3% to its highest level in three weeks; all 10 constituents log gains

** Nifty 50 .NSEI up 0.7%; NIFTYIT top gainer among sub-indexes

** The sub-index was the worst performing sector in 2025, with Nifty and Sensex .BSESN underperforming their Asian and emerging market peers

** Infosys INFY.NS, India's No. 2 software services exporter, jumps 5.2% on the day after it raised its full-year revenue growth outlook

** Positive sentiment spills over; Mphasis Ltd MBFL.NS rises 4.7%, Coforge COFO.NS gains 2.4%, Tech Mahindra TEML.NS climbs 3.5% and Oracle Financial Services ORCL.NS up 5%

** LTIMindtree LTIM.NS rises 4.3%; co secures order worth 30 billion rupees ($11.04 million) from the Central Board of Direct Taxes

** HCL Tech HCLT.NS up 1%, Tech Mahindra TEML.NS rises 3.7%

($17 = 90.6010 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))