IT stocks gain up to 3.5% as Nifty IT jumps 9% in 3 days.
Context
What happened: Indian IT stocks rallied on 15 October, led by HCLTech, after strong quarterly results, AI services optimism and a weaker rupee. The Nifty IT index rose 2.5% in the session.
Key numbers: Nifty IT up 9% over three sessions. HCLTech rose 3.5%, Tech Mahindra and TCS over 3% each, Infosys 2.5%, LTM, Wipro and Mphasis 1% to 2%.
Why it matters: Investors will watch other IT results and management commentary to judge whether HCLTech signals broader demand improvement or company-specific factors, and whether AI