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

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%.

Read More: LPG Price in India Today, March 18: Check Rates in Delhi, Mumbai, Bangalore and More Cities.

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.