New Delhi, Feb. 3 -- IT stocks surged on Tuesday amid a broader rally in the Indian stock market today after US President Donald Trump announced that India and the United States have reached a trade agreement. As part of the deal, reciprocal tariffs on Indian goods will be reduced to 18%, a sharp cut from the earlier proposed 50%, significantly easing concerns for export-oriented sectors.

Persistent Systems, Coforge, Infosys, Mphasis and Oracle Financial Services Software shares emerged as the top gainers in the Nifty IT index. Heavyweights such as HCL Technologies, Tata Consultancy Services (TCS), LTIMindtree, Wipro and Tech Mahindra also recorded strong gains, driving the Nifty IT index up by nearly 6%.

The positive sentiment surround...