Nifty IT index surges over 3% following strong September-quarter earnings

The Nifty IT index rose up to 3.3% to reach 33,138.6 on Friday, driven by buying interest and strong September-quarter results across major information technology companies.

Tata Consultancy Services led the market gains with an increase of around 3%, while Infosys, HCL Technologies, and Wipro advanced roughly 2% each.

Despite recent recoveries, the index remains down 10% over the past year while advancing approximately 29% from its July low of 25,699.10.