Nifty IT Logs Biggest Monthly Rally in Six Years

The Nifty IT index surged 21% in July 2026, marking its strongest monthly performance in six years as investor fears regarding AI-driven volatility eased.

Despite profit-booking in major stocks like TCS and Infosys, the sector remains buoyed by strong global cues and renewed interest in long-term technology valuations.

Analysts attribute the rally to a shift in sentiment, as investors look past short-term AI bubble concerns to focus on the robust earnings growth of cloud-hosting providers.