Rs 82,500 crore rally in 3 days: Why TCS, HCL Tech, other IT stocks jumped up to 12% in 3 days and will the boom last?
Indian IT stocks have rebounded sharply. The Nifty IT index has risen 8%, adding Rs 82,500 crore to the sectors market capitalisation. The rebound follows a selloff in global AI-linked stocks driven by concerns over stretched valuations, concentration risks and uncertain returns on heavy AI investments.
Shares of information technology companies, including TCS, HCLTech, Infosys and Wipro, have rallied up to 12% over three sessions. The rebound follows a selloff in AI-linked stocks across Asian and US markets, which raised concerns over stretched val... [6840 chars]
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Story file
- Section
- Business
- Topics
- Stock market, AI & gadgets
- First reported by
- The Economic Times
- Published
- Thursday, 15 October 2026, 12:25 pm IST
- Coverage
- One outlet so far
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