New Delhi, Aug. 20 -- Domestic tech stocks, which had been under pressure in recent sessions, saw a strong reversal in sentiment during Wednesday's trade, as all 10 constituents of the Nifty IT index ended with solid gains, lifting the index by 2.70%, its biggest single day jump since May 2025.
Infosys led the pack, rising 4% to Rs.1,497, followed by Coforge and MphasiS, which gained 3.3% and 3.2%, respectively. Other stocks, including TCS, Persistent Systems, Tech Mahindra, Oracle Financial Services, Wipro, LTIMindtree, and HCL Technologies, also ended higher with gains ranging between 1.5% and 3%.
The robust rally in tech stocks can be attributed to multiple factors, as the sustained sell-off in the recent weeks has brought valuations...
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