NIFTY IT Surges Over 1% as All 10 Constituents Rally; Infosys, Coforge Lead Gains Ahead of Q1 Earnings
By Shishta Dutta | Updated at: Oct 20, 2025 02:21 PM IST
Mumbai, July 2, 2025: The NIFTY IT index experienced a significant intraday rally on Wednesday, jumping 1.07% to trade at 39,248.15. This broad-based buying momentum saw all 10 constituent stocks advancing, with none closing in the red as of 9:31 a.m. IST. The index added 415 points over its previous close of 38,833.15.
This surge signals a continuation of strength for the tech-heavy index, which has gained 4.05% over the last 30 days and 5.33% over the past year. The rally is largely fueled by growing optimism surrounding the upcoming Q1 earnings season from major IT firms, with market participants closely monitoring for signs of recovery in global tech spending.
NIFTY IT – Key Index Metrics
| Metric | Value |
|---|---|
| Last Price | 39,248.15 |
| Previous Close | 38,833.15 |
| Day’s Range | 38,980.60 – 39,472.70 |
| 52-Week Range | 30,918.95 – 46,088.90 |
| % Change (1 Day) | +1.07% |
| % Change (30 Days) | +4.05% |
| % Change (1 Year) | +5.33% |
| Total Traded Value | ₹676.94 Cr |
| Total Traded Volume | 40.95 lakh shares |
Top Movers in NIFTY IT
| Company | Last Price (₹) | Change (₹) | % Change | 30-Day Return | 1-Year Return |
|---|---|---|---|---|---|
| Infosys (INFY) | 1,635.80 | +29.00 | +1.80% | +2.82% | +1.01% |
| Coforge (COFORGE) | 1,947.40 | +24.90 | +1.30% | -77.52% | -65.16% |
| MphasiS (MPHASIS) | 2,917.50 | +36.00 | +1.25% | +12.61% | +15.50% |
| Tech Mahindra (TECHM) | 1,688.40 | +17.20 | +1.03% | +6.18% | +13.52% |
| TCS | 3,458.20 | +28.50 | +0.83% | -0.97% | -13.79% |
| HCL Tech (HCLTECH) | 1,727.00 | +8.70 | +0.51% | +4.99% | +16.98% |
| Wipro (WIPRO) | 266.90 | +2.35 | +0.89% | +5.96% | -49.83% |
| Persistent Systems (PERSISTENT) | 6,078.00 | +39.50 | +0.65% | +7.10% | +34.30% |
| LTIMindtree (LTIM) | 5,332.50 | +28.50 | +0.54% | +4.64% | -2.63% |
| OFSS | 8,997.00 | +39.50 | +0.44% | +5.85% | -12.13% |
Sentiment & Outlook
Several factors underpin the current rally in the NIFTY IT index. There’s an overarching expectation of robust deal momentum and easing macroeconomic headwinds for the Indian IT sector. Analysts attribute bargain buying in some previously beaten-down counters, such as Coforge and Wipro, as a contributing factor. Additionally, strong operational performance expectations are lifting stocks such as MphasiS, Persistent Systems, and HCL Technologies.
The Indian IT services industry is projected to see moderate revenue growth of 2-3% in US dollar terms for FY26, according to ICRA. This is slightly lower than the 2.9% growth in FY25, with uncertainties related to US tariff imposition potentially impacting IT budget allocations. However, despite subdued Q1 earnings momentum expected for some large-cap firms (with revenue growth potentially ranging from -2.5% to +1.5% quarter-over-quarter), mid-cap IT companies may show more resilience, with growth forecasts of up to 7%.
What’s Ahead for the Day?
The NIFTY IT index is likely to maintain its bullish tone throughout the session, supported by broad-based participation and pre-earnings optimism. While large-cap names like Infosys and TCS may see consolidation ahead of their results, mid-cap companies such as Persistent, MphasiS, and Coforge could witness continued accumulation as investors position for potential outperformance. Overall sentiment stays upbeat unless there’s unexpected global macro pressure or profit-booking near resistance levels.
About NIFTY IT
NIFTY IT is a sectoral index on the NSE representing India’s top IT companies, including TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra. It reflects the performance of the Indian software and consulting industry, which is globally competitive and export-driven.
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