Top stocks to buy: IT stocks soar! TCS, Infosys, HCL Tech, Wipro - Nifty IT up over 3% today, jumps 22% from July low

What happened: The Nifty IT index rose as much as 3.3% to 33,138.6 on Friday, October 23, as buying returned to IT stocks after encouraging September-quarter earnings. TCS led gains, while Infosys, HCL Technologies and Wipro also advanced. Key numbers: Nifty IT up 3.3% to 33,138.6; up 17% in October after an 11% decline in Why it matters: Brokerages see room for a valuation re-rating if earnings hold, though Jefferies kept a Hold on Infosys and Underperform on TCS. Deven Choksey Research prefers Persistent Systems, Tech Mahindra and Tata Elxsi, and is cautious on Wipro and Infosys. Coverage: 3 outlets in 24h

Nifty IT up over 3% today and 22% from July low, led by TCS, Infosys, HCL Tech, Wipro.

Nifty IT up over 3% today and 22% from July low, led by TCS, Infosys, HCL Tech, Wipro. — impact context not separately stored; see What changed.