Nifty IT: Rs.3 lakh cr added in m-cap after best weekly gains in 18 years; Q2 earnings revive investor interest
New Delhi, Oct. 16 -- Tech Mahindra, TCS, HCL Technologies, Infosys, and Wipro were among the large-cap IT stocks that ended the week with strong double-digit gains, powered by stronger-than-expected September-quarter performances and a weakening global AI trade that prompted investors to rotate back into the software sector.
Six of the 10 constituents of the Nifty IT index ended the week with gains of over 10%, with Tech Mahindra leading the pack after surging 18.7% as it closed higher in each of the last four trading sessions.
It was followed by Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, and LTM which ended the week with gains of 18.7%, 17.3%, 16.5%, 16.4%, and 12.1%, respectively.
Amid strong support from hea...
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