IT Stocks Extend Rebound: Infosys, TCS, HCL Tech Surge 2-4%

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Sharp Recovery Continues:

Nifty IT jumped 2.8% for second straight day. HCL Tech led with 3.6% gain, followed by Tech Mahindra (3%), Infosys (2.5%), TCS (2.3%).

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AI Fears Ease:

Anthropic unveiled partnerships with IT firms for AI plugin integration, shifting narrative from pure disruption to collaboration opportunities. Global tech rally supported sentiment.

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Recouping Losses:

After Rs 1.1 lakh crore wipeout in February, sector stabilises. Analysts note negative selling cycle may be over. Short covering also contributed to bounce.

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Valuation Concerns Persist:

Despite rebound, brokerages remain selective. JM Financial prefers Infosys among large caps, Mphasis in mid-tier. Valuations still elevated, growth visibility key concern.

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AI Transition Pain:

Sector undergoing "painful" transformation but will emerge stronger. FII buying in IT, strong US tech cues could extend gains if recovery sustains momentum.

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With Our Subscription Plans

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IT Stocks Extend Rebound: Infosys, TCS, HCL Tech Surge 2-4%

Sharp Recovery Continues: Nifty IT jumped 2.8% for second straight day. HCL Tech led with 3.6% gain, followed by Tech Mahindra (3%), Infosys (2.5%), TCS (2.3%).

AI Fears Ease: Anthropic unveiled partnerships with IT firms for AI plugin integration, shifting narrative from pure disruption to collaboration opportunities. Global tech rally supported sentiment.

Recouping Losses: After Rs 1.1 lakh crore wipeout in February, sector stabilises. Analysts note negative selling cycle may be over. Short covering also contributed to bounce.

Valuation Concerns Persist: Despite rebound, brokerages remain selective. JM Financial prefers Infosys among large caps, Mphasis in mid-tier. Valuations still elevated, growth visibility key concern.

AI Transition Pain:Sector undergoing "painful" transformation but will emerge stronger. FII buying in IT, strong US tech cues could extend gains if recovery sustains momentum.