The mood across IT shares stayed upbeat as the sector extended its winning streak for the third straight session. With discussions around a possible India-US trade deal, easing macro pressures, and shifting global cues, the market saw steady moves in the Nifty IT index, pushing interest toward top names like TCS share price and Tech Mahindra share price.
This rally didn’t arrive out of nowhere—it built slowly through the morning, supported by fresh optimism on the global front and improving sentiment in the stock market today.
Market Performance
The broader tone in the market remained firm, supported by global developments. The Nifty IT index surged over 2% intraday, adding to nearly 5% gains seen during the last three sessions.
Every constituent of the index traded in the green, rising between 1% and 4%. The sector carried a visibly positive sentiment as domestic and international triggers aligned at the same time.
Main News: IT Shares Extend Gains for Third Session
The rally across IT shares grew stronger as the day progressed. The shift came on the back of two major global cues:
- Easing concerns around the prolonged US government shutdown
- Rising hopes of a potential India-US trade deal
The possibility of the US Federal Reserve cutting interest rates next month further boosted the sector, as a rate cut could support global demand and soften funding conditions for tech spending.
A softer reading in US private payrolls for October also nudged traders toward the belief that a 25-basis-point Fed rate cut may be on the table. Lower yields in short-term US Treasuries added to that expectation.
With Indian IT companies deriving a large share of their business from the US market, any positive move on the policy or trade front often reflects quickly in their stock prices. This time, the alignment of global cues brought the sector into sharp focus.
Company Movement: TCS Share Price, Tech Mahindra Share Price, and Other IT Stocks
The rise in the Nifty IT index came with a strong move across major IT counters.
Key Stock Movements
- Tech Mahindra's share price climbed 3.7%, touching an intraday high of ₹1,460.20.
- LTIMindtree advanced 2.95%.
- Mphasis gained 2.68%.
- TCS share price—along with names like HCL Technologies, Infosys, and Persistent Systems—rose between 1% and 3%.
The market reaction was broad-based, with all 10 constituents of the index trading higher, reflecting the depth of positive sentiment in the sector.
Global Triggers Lift Sentiment
The positive tone in IT shares was supported by developments in the United States, where policymakers indicated progress toward ending the ongoing federal shutdown.
The US House of Representatives is set to vote on a compromise bill to restore government funding. The Senate has already cleared the proposal, with the US President expected to sign it into law after approval.
Another lift came from recent comments surrounding the India-US trade agreement, which aims to strengthen economic and security ties, increase energy exports, and encourage investments across multiple sectors. Statements from the US leadership hinted that the two countries were “getting close” to finalising the agreement.
For the Indian IT industry—which depends heavily on US clients—any easing in trade conditions directly feeds into stronger business confidence. This alignment of policy and economic cues helped sustain the sector’s upward momentum.
Company Details: Why IT Stocks Reacted Quickly
Indian IT companies generate a significant share of their revenue from the US, making them closely tied to shifts in US policy, economic data, and trade relations.
The steady rise in IT shares, especially the TCS share price, Tech Mahindra share price, and other large-cap names, reflects that connection clearly.
The reference period also saw Indian IT companies posting stronger quarterly performance. Profit margins improved due to:
- Forex gains
- Operational efficiencies
- Steady deal wins
The stable demand environment and focus on upgrading to next-gen digital and artificial intelligence capabilities further boosted the sector’s confidence.
Summary
The third consecutive day of gains in IT shares brought the sector back into the spotlight. With the Nifty IT index rising over 2%, and stocks like Tech Mahindra share price and TCS share price posting strong intraday moves, the market captured the strength of global cues.
Expectations surrounding a potential India-US trade deal, easing concerns over the US government shutdown, and the possibility of a Fed rate cut helped shape the sentiment. As a result, all 10 companies within the index traded on a positive note, contributing to nearly 5% gains over three sessions.
The day belonged to the IT sector—driven by global alignment, supportive macro signals, and steady operational performance from India’s leading technology firms.
Easy & quick
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