New Delhi, Oct. 9 -- IT stocks surged in morning trade on Friday, 9 October, driving their sectoral index Nifty IT up by more than 3%, a day after domestic IT bellwether TCS reported better-than-expected September quarter (Q2FY27) results.

Nifty IT jumped over 3% in the morning trade, with TCS leading the charge, surging almost 6%. On Thursday, TCS reported Q2 revenue of Rs.73,188 crore, up 11.20% year-on-year (YoY). Consolidated net profit rose by 15% YoY to Rs.13,884 crore.

Besides, TCS said it does not expect any impact on its workforce strategy or client engagements due to the US government's move to suspend it and other major IT firms from the employment-based green card programme.

Healthy Q2 results by TCS had a rub-off effect on...