IT Stocks Rally Today: Nifty IT, a sectoral index of the National Stock Exchange (NSE) that tracks the performance of India’s leading information technology (IT) companies, rose over 3 per cent on Friday (August 28).
As of 11:20 am, Nifty IT traded 3.3 per cent, or 984.50 points, higher at 31,202.95. The index rose as high as 31,266.55 during the session, reflecting a gain of 3.5 per cent.
Here’s how major IT stocks reacted on Friday (August 28):
LTIMindtree shares rose 4.43 per cent, emerging as the strongest gainer among the listed IT stocks.
Coforge shares advanced 3.75 per cent, extending gains across the IT sector.
TCS shares climbed 3.62 per cent, outperforming several major IT peers.
HCL Tech shares gained 3.42 per cent, maintaining a positive trend during the session.
Persistent Systems Share Price
Infosys shares increased 2.71 per cent, continuing the upward movement among IT majors.
Wipro shares advanced 2.01 per cent, registering the smallest gain among the stocks listed.
Why are IT stocks up today?
Indian IT stocks extended their rally, tracking gains in US technology shares after upbeat guidance from the semiconductor sector improved investor sentiment.
The Nifty IT index has gained around 22 per cent from its July 2026 lows, supported by reasonable valuations, attractive yields, stronger deal pipelines and expectations of improved demand in the second half of FY27.
However, concerns over AI-led pricing pressure, revenue deflation, weaker discretionary spending and declining labour-arbitrage benefits remain key risks for the sector.
Nifty IT performance
Nifty IT has delivered mixed returns across different time frames. The index gained 2.10 per cent over the past week and 2.49 per cent in the last month. Over three months, it advanced 7.85 per cent, while six-month returns stood at 1.87 per cent.
However, the index remains down 18.33 per cent year-to-date and has declined 12.16 per cent over the past year. Over three years, Nifty IT gained 1.30 per cent, while its five-year performance remains negative at 9.14 per cent.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
