The mood in the stock market today felt different.
After a sharp and uncomfortable sell-off earlier this week, Infosys, TCS, and HCL Tech share price moved higher for the second consecutive session. The buying wasn’t loud. It wasn’t across the board. But it was steady. And it was selective.
In early trade on Thursday, IT stocks showed signs of stability. Not excitement. Stability. And in a week like this, that itself matters.
Market Performance: IT Index Outperforms a Flat Market
At 9:28 am, the broader market was almost flat — but IT stocks stood out.
- Nifty IT index rose 0.88% to 30,796
- Sensex was up just 48 points (0.06%) at 82,324
- Nifty 50 gained 31 points (0.12%) to 25,514
- Market breadth remained positive
While headline indices moved marginally, the Nifty IT index clearly outperformed. That tells you something simple — there was focused buying interest in technology stocks despite overall market hesitation.
The rebound in Infosys, TCS, and HCL Tech share price added weight to the index's move.
Infosys, TCS, HCL Tech Share Price: Who Gained and By How Much?
Large-cap IT names led the recovery.
Here’s how the key players performed:
- HCL Tech share price climbed 3.7% to ₹1,388.5
- TCS rose nearly 3% to ₹2,649.9
- Tech Mahindra advanced 2.5% to ₹1,379.5
- Infosys gained just over 2% to ₹1,302.2
This marks the second straight day of gains for the IT space after a bruising decline earlier in the week.
The bounce wasn’t speculative. It was more of a stabilisation move after heavy pressure across large-cap and mid-cap technology stocks.
Why IT Stocks Fell Earlier This Week?
The sell-off didn’t happen without reason.
Earlier in the week, IT stocks came under intense pressure following concerns that rapid advancements in Artificial Intelligence (AI) could structurally alter the traditional IT services business model.
The trigger? Comments from Anthropic around automation in legacy software modernisation — a core revenue area for several IT services companies.
That single theme — AI disruption — was enough to spark a sharp de-rating across the sector.
Large-cap names like Infosys, TCS, and HCL Tech felt the heat. Mid-cap IT counters weren’t spared either.
And when sentiment shifts that quickly in a sector-heavy index like IT, price corrections follow.
What Changed in the Last Two Sessions?
Two things helped sentiment stabilise:
1️. Global Tech Recovery
Wall Street recently saw gains, led by technology counters. That improved global risk appetite filtered into Indian markets.
2️. Cooling Volatility
India’s volatility gauge softened further.
- India VIX eased 1.1% to 13.34
- This followed a sharp decline in the previous session
Lower volatility often signals reduced near-term risk aversion. And when risk comes down, sectors like IT usually see some stabilising flows.
There were also follow-up remarks indicating a greater focus on partnerships rather than displacement of existing IT service models. That toned down some of the immediate structural disruption fears.
Selective Buying, Not Broad-Based
Here’s what stood out in today’s stock market movement.
The recovery in Infosys, TCS, and HCL Tech share price happened even when benchmark indices were largely flat. That’s not index-driven buying. That’s selective positioning.
The move suggests:
- Bargain hunting in beaten-down large-cap IT stocks
- Short-covering after sharp sector-wide decline
- Cautious participation rather than aggressive entry
It’s important to note — while prices bounced, the participation wasn’t across every IT counter in the same magnitude. The focus remained on large caps.
Stock Market Today: What the Sentiment Tells Us?
The tone in the stock market today feels balanced.
Not euphoric. Not fearful.
The second day of gains in IT stocks shows that panic selling has paused. But the recovery is measured.
Key observations:
- IT index outperforming broader market
- Volatility easing to 13.34
- Large caps leading recovery
- Benchmark indices moving marginally
This is typical of a sector trying to find its footing after a rapid correction.
Company Snapshot: Infosys, TCS, HCL Tech
Let’s quickly look at the market positioning from today’s session:
Infosys
- Share price: ₹1,302.2
- Gain: Just over 2%
- Among actively traded large-cap IT names
TCS (Tata Consultancy Services)
- Share price: ₹2,649.9
- Gain: Nearly 3%
- Contributed significantly to Nifty IT strength
HCL Tech
- Share price: ₹1,388.5
- Gain: 3.7%
- One of the top gainers on the Nifty 50
All three counters played a visible role in pushing the Nifty IT index higher for the second straight session.
Volatility Indicator: India VIX in Focus
The decline in India VIX to 13.34 (down 1.1%) adds a layer of comfort.
When volatility cools:
- Panic unwinds
- Short covering happens
- Sector-specific rebounds get support
The IT rebound coinciding with easing volatility is not a coincidence.
It reflects a temporary easing of risk perception.
How the Broader Market Reacted?
Interestingly, while Infosys, TCS, and HCL Tech share price surged between 2% and 4%, the broader market stayed quiet.
- Sensex: +48 points
- Nifty: +31 points
- Both indices up less than 0.2%
That contrast tells a simple story.
Today’s strength was sector-specific.
Not market-wide.
Summary: IT Stocks Extend Recovery, Sentiment Stabilises
Here’s where things stand in the stock market today:
- IT stocks gained for the second straight session
- Infosys, TCS, and HCL Tech share price rose between 2% and 3.7%
- Nifty IT climbed 0.88% to 30,796
- India VIX eased to 13.34
- Broader indices remained largely flat
The sharp sell-off triggered by AI disruption concerns earlier this week has paused. The sector is stabilising.
The recovery so far appears selective and measured, rather than aggressive or broad-based.
For now, the numbers suggest one thing clearly — the panic has eased, and the IT sector is regaining balance after a volatile stretch.
And in markets, stability often comes before the next decisive move.
Source: Moneycontrol
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