Economy
Indian IT stocks rally as Nifty IT index jumps 9 percent in three days
Livemint1h
THE BRIEF
1
Indian IT stocks advanced on Thursday, led by HCLTech, which rose 3.5%, while TCS and Tech Mahindra gained over 3% amid positive quarterly earnings reports.
2
The Nifty IT index climbed 2.5% during the session, extending its three-day gains to 9% as investors evaluated stronger-than-expected financial results and growing AI revenues.
3
HCLTech reported quarterly revenue of $3.72 billion, exceeding analyst estimates, and raised its fiscal year revenue growth guidance to between 2.5% and 4% in constant currency.