After six straight days of decline, India's IT sector showed a fresh burst of energy on Thursday, with the Nifty IT index climbing almost 1%.
Top Gainers Lead the Recovery
Wipro led the charge, jumping close to 2%, while HCL Technologies and Mphasis added about 1.3% each. Infosys, Tech Mahindra, Tata Consultancy Services and LTIMindtree also rose around the 1% mark. In total, nine of the ten stocks in the Nifty IT basket ended the session in the green.
Why the IT Index Turned Positive
- Value buying: After a 4.13% drop over six sessions, investors started snapping up the cheaper IT stocks, treating the pull‑back as a buying opportunity.
- US rate‑cut hopes: The market is eyeing the Federal Reserve meeting on Jan 27‑28 for possible further rate cuts, which tends to boost tech‑related equities.
- Better Q3 expectations: Anticipation of stronger demand and improved earnings for the December quarter has added optimism ahead of the earnings season.
Upcoming Company Updates
- Tata Consultancy Services will hold a board meeting on Jan 12, 2026, to approve its audited standalone results for the quarter and the nine‑month period ending Dec 31.
- HCL Technologies also plans a board meeting on Jan 12, 2026, to review its financial results for the same periods.
What Retail Investors Should Watch
Keep an eye on the earnings releases for the major IT players, as better‑than‑expected results could keep the momentum going. Also watch the Fed’s decision – any sign of easing could further support the sector.
Disclaimer
Remember, this is just a perspective, not a prediction. Do your own research or consult a certified adviser before making any investment decisions.