Coforge, Infosys to TCS: IT stocks rally as US software stocks outperform SOX last night; Nifty IT index jumps around 3%
IT stocks today, July 28 -- IT stocks such as TCS, Infosys, HCLTech, Wipro, Tech Mahindra and Coforge jumped today, July 28, after a strong overnight rally in US-listed IT services and software companies, reflecting improving investor sentiment toward the technology sector.
Software stocks outperformed the Philadelphia Semiconductor Index (SOX) amid a broader market rotation where application software and tech firms saw strong follow-through gains while chipmakers faced a sharp correction and pullbacks.
The Nifty IT index rose around 3% to 29,535.20, extending gains for the second straight session. It ended a little less than 1% higher in the previous session.
Among global peers, Accenture climbed 4.8%, while EPAM Systems also gained 4...
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