{"id":9482,"date":"2025-05-29T11:33:44","date_gmt":"2025-05-29T06:03:44","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=9482"},"modified":"2025-05-29T11:33:44","modified_gmt":"2025-05-29T06:03:44","slug":"nifty-it-jumps-nearly-1-after-nvidias-strong-results-and-us-court-ruling-on-trump-tariffs","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/nifty-it-jumps-nearly-1-after-nvidias-strong-results-and-us-court-ruling-on-trump-tariffs\/","title":{"rendered":"Nifty IT Jumps Nearly 1% After Nvidia\u2019s Strong Results and US Court Ruling on Trump Tariffs"},"content":{"rendered":"
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IT stocks bounce back after two days of losses<\/em><\/p>\n

The Nifty IT index saw a strong comeback on May 29, rising nearly 1% and becoming the top-performing sector of the day. This jump came after two key international developments \u2013 Nvidia\u2019s impressive Q1 results and a favorable US court decision on trade tariffs.<\/p>\n

What Triggered the Rally?<\/h2>\n

The rally in Indian IT stocks was largely driven by the performance of US chipmaker Nvidia, which posted a 69% rise in revenue and a 26% jump in net profit for the first quarter. Despite facing restrictions from the US government to export certain advanced chips to China, Nvidia still managed to deliver solid results. The company even accounted for a $4.5 billion charge due to excess stock, but that didn’t slow its growth.<\/p>\n

Another major reason for the IT stock boost was a US trade court ruling against former President Donald Trump\u2019s reciprocal tariffs. The court said Trump did not have the authority to impose broad tariffs on countries that export more to the US than they import. This ruling came as a relief to investors, especially since Indian IT companies earn a large chunk of their income from the US market.<\/p>\n

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The ruling calmed recession fears, which had earlier hurt IT stocks when tariffs were first introduced.<\/p>\n<\/blockquote>\n

The Trump administration has decided to appeal the court\u2019s decision, but for now, the market has taken this ruling positively.<\/p>\n

Wall Street Reacts Positively<\/h3>\n

Following these updates, Wall Street futures surged, with the S&P 500 futures rising over 1.5% and Nasdaq futures going up nearly 2%. This global positivity was quickly reflected in Indian markets, especially IT stocks.<\/p>\n

Top Gainers in the IT Sector<\/h3>\n

Among the key performers on the Nifty IT index:<\/p>\n

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    LTI Mindtree rose nearly 3% to \u20b95,229.<\/p>\n<\/li>\n

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    Persistent Systems and Coforge gained around 2% each.<\/p>\n<\/li>\n

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    Heavyweight Infosys jumped about 1.5%.<\/p>\n<\/li>\n

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    Mphasis and Tech Mahindra were up almost 1%.<\/p>\n<\/li>\n

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    Wipro and TCS also saw marginal gains.<\/p>\n<\/li>\n<\/ul>\n

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    The rally snapped a two-day losing streak for IT stocks, showing investor confidence is returning.<\/p>\n<\/blockquote>\n

    Conclusion<\/h3>\n

    With strong cues from global markets and a court ruling easing trade worries, Nifty IT rebounded strongly. The sector\u2019s close connection to the US economy makes it highly sensitive to such developments. As Nvidia continues to grow and the threat of tariffs diminishes, Indian IT stocks are likely to remain in focus in the coming days.<\/p>\n

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    IT stocks bounce back after two days of losses The Nifty IT index saw a strong comeback on May 29, rising nearly 1% and becoming the top-performing sector of the day. This jump came after two key international developments \u2013 Nvidia\u2019s impressive Q1 results and a favorable US court decision on trade tariffs. What Triggered […]<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-9482","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/9482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=9482"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/9482\/revisions"}],"predecessor-version":[{"id":9484,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/9482\/revisions\/9484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/9483"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=9482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=9482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=9482"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=9482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}