Indian IT Stocks Gain Momentum as Global Tech Rally Lifts Markets

Indian IT Stocks Gain Momentum as Global Tech Rally Lifts Markets

Last Updated Mar - 25 - 2025, 02:48 PM | Source : Fela News

Indian IT stocks, including Infosys, TCS, HCLTech, and Wipro, saw significant gains following a positive Wall Street rally. The Sensex and Nifty continued their

Several information technology (IT) sector stocks gained momentum in early trade on Tuesday, 25 March 2025. 

Shares of IT major Infosys jumped over 2%, while Tata Consultancy Services (TCS) shares were trading over 1.5% higher on the Bombay Stock Exchange (BSE). HCLTech shares were also up over 2% and Wipro shares rose over 1.3%. The Nifty index was up nearly 1.8% as well.

Major IT stocks opened higher today, following a positive overnight session on Wall Street, where tech stocks like Nvidia, Apple, and Tesla saw significant gains. The rise in US tech stocks fueled a broader rally on Wall Street, marking its first winning streak in weeks, with technology stocks leading the charge.

Inspired by this rally, Indian IT stocks, which had been struggling due to concerns over a US growth slowdown, gained some momentum. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that while Indian IT stocks had underperformed due to fears about US growth affecting the sector, the risk-reward balance now favors buyers.

The Sensex and Nifty extended their rally for the seventh consecutive session, despite early volatility. The Sensex rose nearly 691 points, and the Nifty50 gained almost 200 points. Most broader market indices also showed positive movement at the time of publication.

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