New Delhi, Dec. 22 -- The Indian IT sector stocks Infosys, Wipro, and Tata Consultancy Services surged as much as 3% in Monday's trading session after the Indian Rupee rebounded, which sparked signs of foreign investors returning to domestic markets, boosting overall sentiment.

The Nifty IT index was also up nearly 1.69% or 653.35 points to 39,344.95 on Monday, December 22. According to Anshul Jain, Head of Research at Lakshmishree, Nifty IT is carving out a well-defined 203-day cup and handle structure, with neckline resistance placed near 39,520, marking a decisive make-or-break zone.

"A clean breach and sustained hold above 40,417 would confirm a high-conviction breakout, opening the path toward the all-time high at 46,088, followed ...