Stock Market News: After facing global selloff and heavy pressure last week, Indian IT stocks witnessed a strong comeback on Tuesday 17th February. Where last week a decline of about 8.2 percent was recorded in NIFTY IT, which was the worst performance in the last 11 months. At the same time, this index jumped by about 2 to 3 percent in early trading on Tuesday.

rise in IT stocks

Fresh purchases in major IT sector companies like Infosys, Tata Consultancy Services and HCL Technologies played an important role in making the market sentiment positive. At around 10.15 am, NIFTY 50 was down 0.4 percent at 25,674.6, while BSE Sensex was trading at 83,339.7 with a gain of 0.08 percent.

Although Dalal Street had a weak start, the strength in IT stocks compensated for the initial losses. Weakness in Reliance Industries and some financial stocks remained limited, due to which the overall market sentiment remained positive. The biggest reason for this rise in IT shares is believed to be a strategic announcement made by Infosys.

Why are IT stocks rising?

The company has announced a partnership with American AI startup Anthropic. Investors took this news as a positive sign, after which Infosys shares rose by about 3 percent to Rs 1,407 in the initial session. Infosys said that it will collaborate with Anthropic to develop advanced AI solutions for enterprise customers, especially for those regulated sectors where it is mandatory to follow strict rules and compliance standards.

These include banking, healthcare, public service and other industries. Overall, this rally after the recent decline indicates that investors are viewing AI not just as a risk but also as a big opportunity for IT companies.

Also read: Despite heavy pressure, Indian rupee showed strength, broke the pride of US dollar with ‘Dhobi Pachaad’ bet.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

Tcs share jumps today: A relief news has come for the Indian IT sector amidst the ongoing tariff tension and H-1B visa related uncertainties. On Monday, October 6, 2025, the country’s leading IT company Tata Consultancy Services (TCS) shares saw a tremendous rise. The company’s shares jumped more than 2 percent, causing positive trends in the market.

Due to this boom in shares, the value of the company has increased by about 24 thousand crores. However, so far this year, the company’s shares have fallen by 27 percent, and in the last one year the shares have come down more than 30 percent.

Due to tariff tension and H-1B visa policy strictness from America, there is pressure on Indian IT companies. In such an environment, this boom in TCS shares is being considered a positive sign for both IT sector and investors.

TCS shares rise on Sensex

According to the BSE Sensex index, till 1:45 pm on Monday afternoon, the company’s stock was trading 2.50 per cent at ₹ 2,974.75. At the beginning of the trading day, the stocks opened at ₹ 2,902, after which it saw a steady rise. Market experts say that if this trend remains intact, then the stock can see even more fast till the market is closed.

Strength after long fall

TCS shares were continuously declining for the last few months. In the last one year, the shares had a slowdown of about 30 percent, causing heavy losses to the investors. However, on Monday, this rapid confidence in investors has returned and a positive atmosphere has been created in the market.

The company’s market cap was around ₹ 10.50 lakh crore on the last trading day of last week. After the rise in shares on Monday, it increased to ₹ 10.74 lakh crore.

Opinion of experts

Market experts say that despite the recent pressure in the IT sector, the basic status of TCS remains strong due to the increasing demand for strong order books and digital transformations. If the tariff tension between the US and India decreases, then the IT sector shares may see further boom in the coming weeks.

Overall, this bounce in TCS shares after a continuous decline is a positive sign for the IT sector and is proving to be the morale of investors.

Also read: Dollar Vs Rupee: New passion in Indian rupee, a tremendous beating of US dollar in currency ring

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)