Why TCS, Wipro and Other IT Stocks Rising Today on October 9, 2026; Know the Reasons

The NIFTY IT Index opened the October 9, 2026, session with a positive outlook at 27,905.85 and registered an intraday low of 27,901.85 soon after opening. The index later touched an intraday high of 28,776.75. 

NIFTY IT Index Performance on October 9, 2026 

The NIFTY IT index opened above its previous close at the 27,905.85 level and hit an intraday low of 27,901.85. 

As the session progressed, sustained buying interest emerged, lifting the index by over 1,040 points from its previous close to touch a high of 28,776.75. 

At 11:15 AM, the index was trading at 28,623.25, up by 886.65 points or 3.20% on October 9, 2026. 

Here are the Key Reasons for Surge in IT Index below 

Surge in IT Shares 

IT shares saw a notable increase, with TCS leading the charge after reporting its September quarter results. TCS shares rose by 5%, buoyed by an acceleration in AI-related revenue and growth in its international business.  

The NIFTY IT index, as a result, surged more than 3%, with TCS and HCL Technologies among the top gainers on the Nifty 50. 

Easing Geopolitical Concerns 

Investor sentiment improved following US President Donald Trump's statement that any attack on Iran would occur only after the midterm elections, as per news reports. This delay in potential military action eased immediate concerns over geopolitical tensions, positively impacting Indian equities. 

Decline in Crude Prices 

Brent crude, the global oil benchmark, declined by 1.11% to $103 per barrel. This reduction in crude prices offers relief to India, a significant oil importer, by alleviating concerns over import costs and inflation. 

Decline in India VIX 

The India VIX, a measure of expected market volatility, fell by 4% to 14.68. A decrease in the volatility index suggests reduced expectations of sharp market swings, which can bolster investor sentiment. 

Advance Decline Ratio of NIFTY IT Index on October 9, 2026 

The market breadth of NIFTY IT remained extremely strong during the morning session on October 9, 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 9, 2026 

The market index recorded widespread gains across its constituents during the session as of 11:15 AM. 

Among the gainers, Tata Consultancy Services (TCS) led the advance with a Last Traded Price (LTP) of 2,189.30, gaining 113.30 points (+5.46%). 

It was followed by Wipro (WIPRO), which rose by 5.49 points (+3.47%) to an LTP of 163.87. 

LTM (LTM) also traded firm at an LTP of 4,038.50 with a value increase of 123.50 points (+3.15%), while HCL Technologies (HCLTECH) rounded out the top gainers at an LTP of 1,212.50, adding 35.60 points (+3.02%). 

Conversely, the relative laggards of the session included Oracle Financial Services Software (OFSS), which gained only 107.00 points (+1.03%) to an LTP of 10,507.00. 

Tech Mahindra (TECHM) followed, adding 26.20 points (+1.75%) to reach an LTP of 1,522.40. 

Persistent Systems (PERSISTENT) edged up by 133.00 points (+2.43%) to trade at an LTP of 5,601.00, while MphasiS (MPHASIS) rose modestly by 63.00 points (+2.74%) to an LTP of 2,366.40. 

Read More: Tejas Networks Share Price in Focus; Demonstrates 6G ISAC Technology with Qualcomm! 

Conclusion 

On Friday, October 9, 2026, the NIFTY IT Index traded with gains of 3.20% by midday, supported by broad-based buying. Strength in Tata Consultancy Services, Wipro and LTM 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.