The stock market today is likely to see action in IT counters. From Infosys to TCS, Wipro share price, technology stocks are back in focus after a sharp rebound on Wall Street.
After weeks of pressure, global tech stocks staged a recovery overnight. The trigger? Fresh optimism around artificial intelligence (AI) spending and a major deal between Nvidia and Meta.
For Indian investors watching the stock market today, the global cues matter. Especially when it comes to large-cap IT names like Infosys, TCS, and Wipro.
Market Performance: IT Stocks Track Global Recovery
Technology stocks bounced back on Wednesday, February 18. Sentiment improved after an AI-driven sell-off earlier this month had dragged markets lower.
Back home, the Nifty IT index had slipped 1.23% in the previous session. That decline came amid nervousness around global AI disruption fears.
But overnight in the US, things looked different.
Key US indices closed higher:
- S&P 500 rose 0.6%, gaining 38.09 points to close at 6,881.31
- Dow Jones added 129.47 points (0.3%) to settle at 49,662.66
- Nasdaq Composite climbed 175.25 points (0.8%) to 22,753.63
The S&P 500 is now inching closer to its all-time high set last month.
For Indian markets, this rebound sets the tone. Especially for the IT pack.
Main News: Nvidia–Meta AI Deal Sparks Tech Optimism
The recovery wasn’t random. It came after Nvidia announced a major long-term agreement with Meta Platforms.
Under this deal, Meta will deploy millions of Nvidia’s current and future AI chips across its artificial-intelligence data centres.
This announcement changed the mood.
Earlier this month, technology stocks were under pressure. Investors were worried that rapidly advancing AI tools could disrupt business models and compress margins across industries. Software services, transportation, logistics — several sectors felt the heat.
But the Nvidia–Meta partnership signals something important:
- Large technology giants continue to commit substantial capital toward building and expanding AI infrastructure.
- Capital commitment toward AI remains strong
- Long-term demand for semiconductor and AI tools continues
That shift in tone lifted software and services stocks.
The S&P 500 software and services sector rose 1.4% on Wednesday.
Cadence Design Systems jumped 9.5% after reporting fourth-quarter revenue that exceeded expectations, further supporting the recovery in chip-design and AI-linked stocks.
Meta itself was volatile. The stock fell as much as 1.7% early in the session but reversed and ended 0.6% higher as investors absorbed the strategic value of the AI investment.
Infosys to TCS, Wipro Share Price: Global IT Names Bounce
The ripple effect was visible across IT services names.
In US trade:
- Infosys ADRs rose 2%
- Wipro gained 0.44%
- EPAM advanced 2.2%
- Globant climbed 2.06%
- Cognizant rose 2.5%
- Accenture added 1.6%
This matters for the stock market today in India.
Large-cap IT stocks such as Infosys, TCS, Wipro, and HCL typically mirror global tech sentiment, especially when moves are linked to AI spending trends.
After a 1.23% drop in Nifty IT in the previous session, today’s open could reflect the improved global mood.
From Infosys to TCS, Wipro share price, traders will be watching closely.
Why AI Spending Is Driving Market Sentiment?
Let’s break it down simply.
The recent sell-off in technology stocks was driven by fear. Investors questioned whether fast-moving AI tools could:
- Disrupt traditional software services
- Increase competition
- Pressure profit margins
The uncertainty triggered declines across multiple US sectors through February.
But when companies like Nvidia and Meta commit to large-scale AI infrastructure spending, the narrative shifts. It tells the market that AI isn’t slowing — it’s accelerating.
That’s why the bounce was sharp.
It wasn’t just about one stock. It was about confidence returning to the technology ecosystem.
And that’s why the stock market today will closely track the IT pack.
Federal Reserve Minutes and Currency Moves
Alongside tech news, the Federal Reserve minutes also shaped sentiment.
Here’s what emerged:
- The Fed has paused rate cuts for now
- Many market participants still expect easing later this year
- Several officials want clearer signs of falling inflation before supporting further rate cuts in 2026
- Some policymakers remain open to rate hikes if inflation stays elevated
This mixed tone kept investors alert.
In currency markets:
- The US dollar held gains
- Sterling slipped near a one-month low at $1.3488
- The yen hovered around the 155 per dollar mark and was last quoted at 154.80
Stronger US data and cautious Fed commentary supported the dollar.
For Indian IT companies earning significant revenue from the US, currency movements remain an important monitor in the stock market today.
Company Details: Indian IT in Focus
While overnight gains were recorded in US-listed ADRs, the broader takeaway is sentiment-driven.
When:
- The Nasdaq rises 0.8%
- Software and services climb 1.4%
- Infosys ADRs gain 2%
- Wipro moves up 0.44%
It directly impacts expectations around the Indian IT space.
From Infosys to TCS, Wipro share price, today’s session could reflect:
- Global risk appetite improvement
- Renewed optimism around AI spending
- Relief after recent sector declines
The Nifty IT’s 1.23% drop in the previous session now meets stronger global cues.
Stock Market Today: What Investors Are Watching?
The focus remains clear.
- Will Indian IT stocks mirror the US recovery?
- Can the positive global sentiment offset recent declines?
- Does renewed AI spending optimism support the broader tech narrative?
For the stock market today, these are the key themes shaping trades.
From Infosys to TCS, Wipro share price, the direction will depend largely on how global momentum sustains through the week.
Summary: IT Stocks Back in Spotlight
Here’s the bigger picture.
- US markets rebounded sharply
- S&P 500 rose 0.6%, Nasdaq gained 0.8%
- Software and services index climbed 1.4%
- Nvidia–Meta AI deal improved sentiment
- Infosys ADR up 2%, Wipro up 0.44%
- Nifty IT had declined 1.23% in the previous session
The recent volatility in tech was driven by AI disruption fears. But strong capital commitment toward AI infrastructure has now restored confidence.
As the stock market today opens, IT stocks will likely remain the centre of attention.
From Infosys to TCS, Wipro share price, the sector stands at the intersection of global tech sentiment, AI investments, and macro cues.
For now, the tone has improved. The market will decide how long that momentum lasts.
And today, technology takes the spotlight.
Source: Livemint
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