Nifty IT Index Jumps 2% as Infosys, HCL Tech, TCS Lead the Rally on November 10, 2025

Top IT companies such as Infosys, HCL Tech, TCS, Wipro, LTIMindtree, and Mphasis gained between 2 and 3%in intraday trade. The Nifty IT index climbed 2%, beating the Nifty 50’s 0.5%rise. Since September 30, the IT index has grown 6.4%, outpacing the Nifty 50’s 4 % gain.

Recent Performance Still Weak in 2025

Despite the recent bounce, the Nifty IT index is still down 17% in 2025, while the Nifty 50 has gained 8.4% this year.

Why the IT Index Is Rising?

Demand is stabilising, project cancellations have reduced, and deal activity remains steady. More companies are adopting AI, and mid-tier IT firms are benefiting due to better alignment with this shift. Margin performance was stronger than expected, helped by a 3%rupee depreciation.

However, many IT companies have already used most cost-cutting levers like wage control and efficiency measures, leaving limited room for further margin support.

Infosys Share Price Gains on Buyback Announcement

Infosys share price jumped 3% intraday after fixing November 14 as the record date for its ₹18,000 crore share buyback. 

Read More: Crude Oil Holds Near $63 as Traders Weigh Supply Outlook and Sanctions.

Conclusion

The IT sector is finally seeing signs of stability after a long period of slow growth. Stronger margins, better demand visibility, and rising AI-led opportunities are helping rebuild confidence. If discretionary spending improves, the industry could see a sharper recovery in FY27.

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