Nifty IT Index Rises Over 4%: TCS Soars 6%, Infosys, LTIMindtree and HCLTech Gain

Information technology (IT) stocks extended their gains for a second straight session on July 13, with the Nifty IT Index emerging as the top-performing sector. The rally was led by Tata Consultancy Services (TCS) after it announced an expansion of its long-term partnership with ABB, while other major IT companies such as Infosys, LTIMindtree, HCLTech and Tech Mahindra also traded higher.

Nifty IT Index Outperforms the Broader Market

The Nifty IT Index gained 4.24% during the afternoon session, significantly outperforming the Nifty 50, which was almost flat with a 0.01% gain. Over the past 2 trading sessions, the IT index has risen around 6%, supported by stable Q1 FY27 earnings reported by TCS and LTIMindtree. The index has also recovered about 14% from its 52-week low of 25,699.10, touched on July 1, 2026.

TCS Leads the Rally After Expanding ABB Partnership

TCS shares climbed nearly 6% to an intraday high of ₹2,199.90 after the company announced the expansion of its collaboration with ABB, a global technology company specialising in electrification and automation.

Under the new multi-year, multi-million-dollar agreement, TCS will expand its role from managing ABB's infrastructure and applications to delivering end-to-end global network operations through a Network-as-a-Service (NaaS) model. While the companies did not disclose the financial value of the contract, the announcement boosted investor sentiment.

Long-Standing Partnership Between TCS and ABB

TCS and ABB have worked together for more than 20 years on several technology transformation projects. During this period, TCS helped ABB consolidate multiple Enterprise Resource Planning (ERP) systems into a single SAP platform and supported its cloud transformation initiatives.

The expanded partnership aims to strengthen ABB's global network operations and support its ongoing digital transformation by using modern networking technologies and managed services.

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Other IT Stocks Also Trade Higher

HCLTech, Infosys, LTIMindtree and Tech Mahindra gained between 3% and 6%, reflecting optimism after the latest quarterly earnings and expectations of continued demand for digital transformation and AI-led technology services.

Conclusion

The IT sector witnessed strong buying interest on July 13, with TCS leading the gains after expanding its partnership with ABB. Stable quarterly earnings from leading IT companies and continued demand for cloud, AI and digital transformation services also supported the sector. Investors are likely to keep a close watch on upcoming earnings announcements and order wins for further direction in IT stocks.

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