24/4/2025, 8:26:02 am

IT stocks rise as bears cover shorts, with a new outlook

Mumbai's IT stocks surged, led by HCL Technologies' 7.74% gain, after its strong FY26 earnings outlook. The Nifty IT index rose 4.3%, its biggest single-day gain in 10 months, supported by Nasdaq's 2.7% increase. Analysts see this as a short-term trading opportunity, as broader sector recovery remains uncertain despite improved valuations.