IT Stocks Rally Up to 4% after Accenture Results; Infosys, TCS, Coforge Gain

Indian IT stocks moved higher on Friday, supported by strong global cues and a rebound in the overall market.

The Nifty IT index rose over 2%, with almost all stocks trading in the green except LTIMindtree. The rally was also supported by gains in the Sensex and Nifty, which climbed over 1% each.

Top Gainers in the IT Sector

Several IT companies posted solid gains during the session:

• Oracle Financial Services Software surged nearly 5%
• Tech Mahindra, HCL Technologies, Persistent Systems, Infosys, and Mphasis gained over 2%
• Tata Consultancy Services (TCS), Wipro, and Coforge rose more than 1%

This shows strong buying across both large-cap and mid-cap IT stocks.

Key Trigger: Accenture’s Strong Earnings

The main reason behind the rally was the strong quarterly performance of Accenture.

The company reported:

• Revenue growth of about 4% year-on-year to $18 billion
• Consulting revenue growth of 3%
• Outsourcing (managed services) growth of 5%
• New bookings rising 6% to $22.1 billion

It also increased its full-year growth guidance, which is seen as a positive signal for the global IT demand environment.

What It Means for Indian IT Companies

Accenture’s results are considered a positive sign for Indian IT firms because they indicate stable demand, especially in outsourcing and managed services.

However, challenges still remain:

• Global economic uncertainty continues to affect spending
• Clients are focusing more on cost efficiency
• Generative AI is changing the way IT services are delivered

Read More: FPIs Withdraw Over ₹52,700 Crore in March as Financial Stocks See Significant Selling!

Conclusion

The rally in IT stocks was driven by strong earnings from Accenture and improved global sentiment. 

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