TCS, HCL Tech, Infosys, other IT stocks rally up to 6%, Nifty IT surges 4%. Here's why

Nifty IT surged over 1,000 points to 29,038, gaining about 6% in two consecutive sessions, reaching its highest level in more than a month. TCS led the rally with a 6% jump after announcing a multi-million, multi-year deal with ABB to deliver AI-driven global network operations. HCL Tech rose nearly 6% ahead of its Q1 FY27 results, while LTIMindtree gained over 4% post a 17% year-on-year rise in Q1 net profit to Rs 1,466 crore; Tech Mahindra, Infosys, Mphasis, Wipro, Persistent Systems, OFSS and Coforge also advanced between 2% and 4%.