Shares of Indian IT companies surged on Monday, August 25, after brokerage Investec upgraded Infosys following its recent stock correction. The upbeat outlook lifted overall sentiment in the sector, driving the Nifty IT index higher by 2.5%.
Infosys, TCS, and Wipro Among Top Gainers
Infosys and Tata Consultancy Services (TCS) were the standout performers, each rising over 2.5% in early trade. Wipro also surged nearly 3%, while Tech Mahindra and HCL Technologies advanced around 2%. On the Nifty 50, these IT majors were among the top gainers of the session.
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Brokerage Picks Strengthen Sentiment
Brokerage firm Investec highlighted Tech Mahindra, Infosys, and TCS as its top Tier-1 picks within the IT sector. For Tier-2 players, it placed preference on Mphasis, Zensar, and KPIT, reflecting confidence across large- and mid-cap IT counters.
Market Insights & Update
The sharp rally in IT stocks signals renewed investor interest after recent corrections.
Infosys’s upgrade acted as a key trigger, boosting confidence in the sector’s recovery potential.
With Nifty IT jumping 2.5%, analysts believe momentum could continue if global tech demand remains steady.
Broader market sentiment improved as IT heavyweights supported Nifty 50 gains.
The strong performance of Infosys, TCS, and Wipro not only lifted the IT index but also provided a cushion to the benchmark indices, highlighting the sector’s role as a key market driver.
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