Last Updated:
The Nifty IT index rose 3 percent on Tuesday, led by Persistent Systems, Coforge, Mphasis, and Infosys. BSE Sensex and Nifty50 also gained amid global market stability.
Nifty IT index up 3 per cent today
Stock Market Today: The Nifty IT index rose 3 per cent in the opening session on Tuesday on positive global cues, led by Persistent Systems, Coforge, Mphasis and Infosys. The index opened at 33,232.40, against the previous day’s close at 32,859.05.
Persistent Systems opened 3.17 per cent higher at Rs 4,718.55 apiece on Tuesday, followed by Mphasis at Rs 2,155 apiece (up 2.53 per cent), Infosys at Rs 1,431, up 2.45 per cent.
Indian benchmark equity indices BSE Sensex and Nifty50 gained at the open on Tuesday, amid signs of stability emerging in other global markets.
At the day’s high, BSE Sensex rose 1,206 points, or 1.65%, to 74,343, while the Nifty 50 gained 365 points, or 1.65%, to 22,527 around 9:18 am.
At 11 am, Sensex was up 656.75 points or 0.90 per cent at 73,794.65, and the Nifty was up 223.45 points or 1.01 per cent at 22,385.05.
On Monday, the Indian stock market suffered its biggest single-day decline in 10 months, driven by concerns over the economic impact of the global trade war initiated by US President Donald Trump’s tariff policies.
Nifty IT Stocks’ Last Trading Price (Cut off 11:40 AM)
1. MPHASIS opened at Rs 2,155.50 vs previous close Rs 2,102.20 → LTP: Rs 2,164.50
2. INFY (Infosys) opened at Rs 1,431.00 vs previous close Rs 1,396.75 → LTP: Rs 1,430.45
3. COFORGE opened at Rs 6,498.00 vs previous close Rs 6,340.70 → LTP: Rs 6,482.50
4. LTIMindtree (LTIM) opened at Rs 4,170.45 vs previous close Rs 4,057.15 → LTP: Rs 4,136.05
5. Persistent Systems opened at Rs 4,718.55 vs previous close Rs 4,573.55 → LTP: Rs 4,626.25
6. HCLTech opened at Rs 1,380.00 vs previous close Rs 1,374.10 → LTP: Rs 1,384.00
7. Wipro opened at Rs 244.75 vs previous close Rs 242.90 → LTP: Rs 246.10
8. Tech Mahindra (TECHM) opened at Rs 1,314.00 vs previous close Rs 1,288.00 → LTP: Rs 1,302.90
9. TCS opened at Rs 3,302.05 vs previous close Rs 3,274.05 → LTP: Rs 3,280.70
10. OFSS opened at Rs 7,425.00 vs previous close Rs 7,294.15 → LTP: Rs 7,308.00
The positive gains in IT stocks come after the Nasdaq Composite, heavily influenced by tech stocks, closed positively overnight, following a challenging month.
Due to negative sentiment, IT stocks have been underperforming on fears that a US growth slowdown could impact the Indian tech industry. Concerns over tariffs have led to a broad sell-off in the IT index, with the Nifty IT gauge dropping six percent in the past month and plunging 20 percent over the past six months, erasing crores in investor wealth.
