Nifty IT Rises 3%: Mphasis, TCS, HCLTech, Wipro Lead Rally on Weak Rupee

The Nifty IT Index rose nearly 2.5–3% on Tuesday, with all its stocks trading in the green.

Top gainers included:

• Mphasis share price up over 3%
• Infosys, Tech Mahindra, Persistent Systems share price up over 2%
• Tata Consultancy Services, Wipro share price gained over 1%

The broader Nifty 50 Index also rose around 1.2%.

Weak Rupee Boosts IT Stocks

A key reason for the rally is the fall in the Indian rupee.

• Rupee was trading near 93.88 per US dollar
• It recently hit a record low of 93.94

A weaker rupee benefits IT companies because they earn a large part of their revenue in US dollars, which improves their margins.

Positive Global Sentiment

Market sentiment improved after signs of easing tensions in West Asia.

• This supported global markets
• Crude oil prices also corrected, reducing inflation concerns

These factors helped boost buying in IT stocks.

Read More: H.G. Infra Engineering Wins ₹401.33 Crore Railway Infrastructure Project in Madhya Pradesh!

Sector Still Under Pressure

Despite today’s rally, the IT sector has faced challenges:

• Slower growth outlook
• Weak demand visibility
• Less excitement compared to global AI-driven tech stocks

Conclusion

The sharp rise in IT stocks is driven by a weaker rupee and better global sentiment. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.