IT stocks rally up to 21% in 5 days; TCS, Infosys & other firms mcap swells by Rs 2.7 lakh crore — What’s behind rally?

Shares of information technology (IT) companies continued to rise on Friday, taking the Nifty IT index's five-session gains to over 10 per cent. The Nifty IT index was trading at 31,697.20 on October 16, up 977.40 points, or 3.18 per cent.

Oct 16, 2026 - 12:00
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IT stocks rally up to 21% in 5 days; TCS, Infosys & other firms mcap swells by Rs 2.7 lakh crore — What’s behind rally?
Shares of information technology (IT) companies continued to rise on Friday, taking the Nifty IT index's five-session gains to over 10 per cent. The Nifty IT index was trading at 31,697.20 on October 16, up 977.40 points, or 3.18 per cent.

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