Nifty IT jumps over 4%; Infosys, TCS shares surge up to 5%. Should you buy IT stocks at this juncture?
New Delhi, July 2 -- As the Indian stock market traded higher with most sectoral indices in the green, it was the IT pack that hogged the limelight in intraday trade on Thursday, 2 July.
The Nifty IT index surged over 4% in intraday deals, with stocks like Infosys, Coforge, Mphasis, HCL Tech, Persistent Systems, and TCS jumping up to 5% during the session.
The IT index was 4% up at 26,781 around 10:10 am, looking set to snap its four-session losing streak. Benchmark Nifty 50 was about 0.40% up at 24,096 at that time.
Notably, Nifty IT was the top sectoral loser in the first half of calendar year 2026 (H1CY26) as it crashed 30% during the period, compared to a 9% decline in the Nifty 50, largely due to global macroeconomic concerns, wea...
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