Why TCS, HCL Tech, Infosys and Other IT Stocks Up Today (October 13, 2026): Know the Reasons

Written by: Team Angel OneUpdated on: 13 Oct 2026, 4:04 pm IST

NIFTY IT Index traded firmly higher, climbing above the 29,300 mark during morning trade. The index is trading in the green amid broad-based buying momentum, with gainers outnumbering laggards.

On October 13, 2026, IT sector stocks experienced an increase, with notable gains for companies including TCS, Infosys, and others. A combination of stronger Q2 performance reports and a higher dollar value against the rupee were catalysts for these gains.

The NIFTY IT Index opened the October 13, 2026, session with a positive outlook at 28,655.40 and registered an intraday low of 28,618.45 soon after opening. The index later touched an intraday high of 29,349.10.

Contributions from Q2 Results and Dollar Rise

The company's growth was notably influenced by better-than-expected Q2 financial results from TCS and HCL Tech. HCL Tech’s revenue for Q2FY27 was reported at $3.72 billion, which was up 2% both quarter-on-quarter and year-on-year.

In rupee terms, this translated to ₹35,620 crore, marking a 3% QoQ and 11.51% YoY increase. Furthermore, its profit surged by 21.18% YoY to ₹5,132 crore. TCS reported a net profit increase of 15% to ₹13,884 crore, while revenue climbed 11% to ₹73,188 crore.

Impact of Dollar-Rupee Exchange Rates

The value of the dollar against the rupee contributed significantly to the IT stock surge. The dollar index reached near a 18-month high of 102.6, benefiting Indian IT firms financially, as they earn a considerable portion of their revenue in US dollars. Hence, a stronger dollar improves their income metrics.

Other Market Influences

The IT stock growth coincides with a slowdown in AI trade, with the Kospi dropping over 6% and Taiwan's index falling 2% on October 13, 2026. This trend, coupled with calls for more regulations on AI, has investors looking elsewhere, boosting the IT sector.

NIFTY IT Index Performance on October 13, 2026

The NIFTY IT index opened above its previous close at the 28,655.40 level and hit an intraday low of 28,618.45.

As the session progressed, strong buying interest emerged, lifting the index by over 990 points from its previous close to touch a high of 29,349.10.

At 10:17 AM, the index was trading at 29,303.55, up by 953.95 points or 3.36% on October 13, 2026.

Advance Decline Ratio of NIFTY IT Index on October 13, 2026

The market breadth of NIFTY IT remained extremely strong during the morning session on October 13, 2026, with 10 stocks advancing and 0 stocks declining.

Broad-based buying was observed across index heavyweights, leaving the vast majority of index constituents in the green.

Top Gainers and Losers of NIFTY IT Index on October 13, 2026

The market index recorded widespread gains across its constituents during the session as of 10:17 AM.

Among the gainers, HCL Technologies (HCLTECH) led the advance with a Last Traded Price (LTP) of 1,289.60, gaining 66.60 points (+5.45%).

It was followed by Tata Consultancy Services (TCS), which rose by 114.60 points (+5.39%) to an LTP of 2,239.60.

Tech Mahindra (TECHM) also traded firm at an LTP of 1,523.60 with a value increase of 52.60 points (+3.58%), while Wipro (WIPRO) rounded out the top gainers at an LTP of 166.70, adding 4.90 points (+3.03%).

Conversely, the relative laggards of the session included Coforge (COFORGE), which gained only 34.90 points (+1.89%) to an LTP of 1,881.50.

Persistent Systems (PERSISTENT) followed, adding 123.00 points (+2.13%) to reach an LTP of 5,910.00.

Infosys (INFY) edged up by 23.50 points (+2.30%) to trade at an LTP of 1,043.50, while Oracle Financial Services Software (OFSS) rose modestly by 258.00 points (+2.49%) to an LTP of 10,618.00.

Conclusion

On Tuesday, October 13, 2026, the NIFTY IT Index traded with gains of 3.36% by midday, supported by broad-based buying. Strength in HCL Technologies, Tata Consultancy Services and Tech Mahindra lifted the index higher even as a few constituents lagged the broader move.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies 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 the related documents carefully before investing.

Published on: Oct 13, 2026, 10:34 AM IST

Team Angel One

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