Nifty IT surges 5.2% to log biggest single-day gain in 17 months

What happened: The Nifty IT index surged 5.2%, its biggest single-day gain in 17 months. All 10 constituents ended higher, led by HCL Technologies at 8.42%, Tata Consultancy Services at 6.8%, Coforge at 4.46% and Infosys at 4.13%. Key numbers: Nifty IT up 5.2%. HCL Technologies up 8.42%, TCS up 6.8%, Coforge up 4.46%, Infosys up 4.13%. Why it matters: HCL's earnings beat eased sentiment weighed down by AI-led disruption and slowing growth concerns in traditional software services. Analysts see near-term positivity but flag possible profit-booking and volatility after the sharp rally.

Nifty IT's 5.2% single-day gain is its biggest in 17 months.

Nifty IT's 5.2% single-day gain is its biggest in 17 months. — impact context not separately stored; see What changed.