TCS, HCL Tech, Infosys shares surge up to 11% in 2 days; Nifty IT soars 2,000 points. More steam left for rally?

What happened: Indian IT stocks rallied as concerns over AI-driven disruption eased, triggering an "anti-AI" trade. The Nifty IT index surged over 2,000 points in two sessions to cross 30,000, its first move above the mark in nearly a month. Key numbers: Nifty IT rose over 2,000 points in two sessions, crossing 30,000. HCL Tech gained nearly 11% in two days after its Q2 results. TCS and Infosys rose 6 to 10%. Why it matters: The move marks the index's first climb above 30,000 in nearly a month, with the report raising the question of whether more steam is left for the rally.

IT stocks surged up to 11% in 2 days with Nifty IT gaining 2,000 points.

IT stocks surged up to 11% in 2 days with Nifty IT gaining 2,000 points. — impact context not separately stored; see What changed.