India's IT cos gain on trade deal with US

Tech Mahindra

03/02/2026 04:12

** India's Nifty IT index .NIFTYIT rises 2.5% to 39,006.10

** U.S. President Donald Trump said he had agreed on a trade deal with India, lowering tariff on Indian shipments to 18% from 25%

** Trump administration is also dropping 25% additional tariffs imposed on Indian imports over purchases of Russian oil

** All constituents of NIFTYIT in green, Infosys INFY.NS up 3.1%, Tata Consultancy Services TCS.NS gains 1.6%, and HCL Technologies HCLT.NS rises 2.3%

** Wipro up 2.6% and Tech Mahindra TEML.NS rises 1.7%

** In 2025, NIFTYIT fell 12.6% vs 10.5% gains in Nifty 50 index .NSEI

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))