Infosys and TCS shares witnessed significant growth as they surged by 5% on June 2, 2026. The rise was part of a broader bullish sentiment in the Nifty IT index, driven by increased demand for technology products and services amidst the global AI boom.
The Nifty IT index gained 3.6% to reach 30,921, making it the top-performing sectoral index of the day. Technology giants Infosys and TCS were at the forefront of this rally, demonstrating robust growth against broader market trends.
Despite the Nifty 50 index falling by 0.5%, enthusiasm for IT stocks remained high.
TCS stock increased by 4.95% to ₹2,411.2, becoming the leading gainer on the Nifty 50. Similarly, Infosys saw a 4.85% rise, reaching ₹1,260.8.
Other notable performers were HCL Technologies with a 3.05% gain and Tech Mahindra up by 1.9%. Wipro also joined the growth trajectory with a 0.8% increase.
The rally extended beyond large-cap stocks to the broader market, where Hexaware Technologies soared nearly 6%, becoming one of the top BSE Midcap gainers.
Other significant contributors included LTIMindtree, Mphasis, KPIT Technologies, Tata Elxsi, Coforge, and Persistent Systems, all rising between 2.5% and 4.5%.
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The recent boost in the Nifty IT index follows a previous rally driven by positive earnings and an optimistic AI demand forecast from companies like US-based Snowflake.
Further confidence was instilled by robust gains in Wall Street technology stocks, which pushed indices such as the Nasdaq and S&P 500 to new highs.
The market's positive reception of Infosys and TCS shares underscores growing investor confidence in IT stocks, driven by a stronger AI-driven demand outlook. This surge, amid broader market weaknesses, highlights the sector's resilience and the significant role AI plays in elevating technology provider valuations.
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Published on: Jun 2, 2026, 1:51 PM IST
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