Information technology (IT) stocks continued their strong upward movement on Tuesday, with the Nifty IT index gaining nearly 3% during intra-day trading on the National Stock Exchange (NSE). The index touched around 28,100 levels, emerging as the best-performing sector among NSE’s sectoral indices, supported by renewed buying interest in major IT companies.
During afternoon trading, the Nifty IT index was up around 2.5%, significantly outperforming the benchmark Nifty 50, which recorded a marginal gain. Over the past four trading sessions, the IT index has climbed nearly 9%, compared with around a 2% rise in the broader market index.
Leading the rally, shares of Infosys, Tech Mahindra, Persistent Systems and LTM gained around 4% each in intra-day deals. Other major IT companies, including Tata Consultancy Services (TCS), HCL Technologies, Mphasis and Coforge, also advanced between 2% and 3%.
Despite the recent recovery, the Nifty IT index remains under pressure on a year-to-date basis in 2026, having declined around 26%, compared with a smaller decline in the Nifty 50 index.
Market experts attributed the renewed buying interest to improving investor sentiment, with concerns over rising crude oil prices and continuous foreign portfolio investor (FPI) selling showing signs of easing. Analysts said the return of FPI buying and stabilisation in global factors have supported the broader market recovery, benefiting the technology sector.
