Nifty IT: ₹3 lakh cr added in m-cap after best weekly gains in 18 years; Q2 earnings revive investor interest

What happened: Indian IT stocks rallied after stronger-than-expected September-quarter results and a shift in investor sentiment back toward software companies. The Nifty IT index posted its best weekly gain in 18 years. Key numbers: Nifty IT index gained 11.72% for the week. Why it matters: The results revived investor interest in the sector, driving the index to its strongest weekly performance in 18 years.

Indian IT stocks rallied after stronger-than-expected September-quarter results and a shift in investor sentiment back toward software companies. The Nifty IT index posted its best weekly gain in 18 years.

The results revived investor interest in the sector, driving the index to its strongest weekly performance in 18 years.