Nifty IT Rises 4% After 6-Day Fall; Coforge, Persistent Lead Gains

Written by: Kusum KumariUpdated on: 18 Mar 2026, 8:06 pm IST

Nifty IT rebounds nearly 4% after a 6-day fall, led by midcap stocks like Coforge and Persistent. All index stocks trade in green amid strong buying.

The Nifty IT index snapped its 6-day losing streak, rising nearly 4% in early trade. By around 10:30 AM, it was up 3.7% at 29,775, becoming the top-performing sector.

All 10 IT stocks in the index traded in the green, showing strong buying interest across the sector.

Top Gainers Lead the Rally

Midcap IT companies led the surge:

Persistent Systems
Mphasis
Oracle Financial Services Software

These stocks gained over 4% each.

Meanwhile, large IT firms like Infosys, TCS, HCLTech, and Tech Mahindra rose between 3–4%.

Recovery After Recent Decline

This rebound comes after a weak phase where the index had fallen 4.6% in 6 sessions. So far in 2026, the IT index is still down over 25%.

About Nifty IT Index

The Nifty IT plays an important role in representing the performance of the Information Technology (IT) sector in India. The IT industry has been a major contributor to the country’s economic growth, exports, and employment.

To track this important sector effectively, the Nifty IT index was created as a benchmark that reflects how leading IT companies are performing in the stock market.

Conclusion

The sharp rebound in the Nifty IT index signals renewed investor confidence after a prolonged decline. However, with the index still down significantly in 2026, sustained recovery will depend on global demand trends, currency movements, and upcoming earnings performance.

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 or 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 related documents carefully before investing.

Published on: Mar 18, 2026, 2:30 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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