Overview
- Indian IT shares outperformed the market, with the Nifty IT index up about 3–4% in early trade and heavyweights like Infosys, TCS, Wipro, HCLTech and Tech Mahindra rising.
- A record-low rupee lifted exporters because each dollar of revenue converts into more rupees, which fattens reported sales and margins.
- Strength in major US technology stocks boosted risk appetite for Indian IT vendors that depend on North American clients.
- Brokerages described the move as value buying after a long slump and said Gen AI could expand the sector’s opportunity even as near-term swings and slower deal conversions persist.
- TCS underscored the AI push by declaring a goal to be the largest AI-led tech services firm and by training over 270,000 staff in advanced AI skills.