Mumbai, Jan. 16 -- The Nifty IT index rose 3.44% to 39,122.20, rebounding from a 1.08% fall in the previous session. Infosys jumped 5.61%, while LTIMindtree gained 5.55%. Oracle Financial Services Software rose 5.00% and Tech Mahindra advanced 4.98%. Mphasis climbed 4.74%, followed by Wipro, which added 3.31%. Persistent Systems moved up 2.67%, Coforge gained 2.57%, Tata Consultancy Services rose 2.46%, and HCL Technologies climbed 2.17%.

Infosys reported a 9.6% sequential drop in consolidated net profit to Rs 6,654 crore for the December quarter (Q3 FY26), while revenue from operations rose 2.22% quarter-on-quarter to Rs 45,479 crore. On a year-on-year basis, net profit declined 2.2%, while revenue increased 8.9%.

Profit before tax sto...