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Business
TCS, Infosys, OFSS Drive IT Stocks to 3.7% Rise
✍️ News18
🗓 27 Jul 2026, 11:18 AM
👁 5
Indian IT shares surged, with Tata Consultancy Services, Infosys and Oil and Natural Gas Commission (OFSS) leading gains of up to 3.7% on Monday.
Indian equity markets opened higher on Monday, with the IT sector posting its strongest gains in weeks. Tata Consultancy Services (TCS) rose 3.7%, while Infosys followed closely with a 3.5% jump. The Oil and Natural Gas Commission (OFSS) also climbed 3.2%, adding to the tech‑heavy rally.
Analysts attribute the rally to positive earnings outlooks and a broader optimism about global demand for digital services. TCS, the country’s largest IT firm by market value, reported a 12% rise in its quarterly revenue, which helped lift its share price.
Infosys, the second‑largest IT player, saw a 3.5% increase after announcing a new client partnership that is expected to boost its services revenue. Investors also noted the company’s strong cash flow and dividend policy.
The rally lifted the NIFTY IT index by 2.8%, and the broader NIFTY 50 index gained 1.1%. Market participants are now watching for further signs of sustained growth in the technology segment.
Analysts attribute the rally to positive earnings outlooks and a broader optimism about global demand for digital services. TCS, the country’s largest IT firm by market value, reported a 12% rise in its quarterly revenue, which helped lift its share price.
Infosys, the second‑largest IT player, saw a 3.5% increase after announcing a new client partnership that is expected to boost its services revenue. Investors also noted the company’s strong cash flow and dividend policy.
The rally lifted the NIFTY IT index by 2.8%, and the broader NIFTY 50 index gained 1.1%. Market participants are now watching for further signs of sustained growth in the technology segment.