IT gauge in Tuesday’s trade (June 10, 2025) is hogging the limelight and has emerged as the top sectoral gaining. The index last trading higher by 2 per cent as at the last count. IT stocks have been seeing buying action for the fifth straight day today.
All the 10 constituents traded in the green, with Oracle Financial Services Software (up over 3 per cent), followed by Persistent Systems, Tech Mahindra and LTI Mindree all leading with gains of over 2 per cent each.
At the day’s high, the index has gained to 38,567.75 and in the past 5 session on continued buying, the index has jumped higher by 4 per cent.
Why Nifty IT index is rallying?
The index is gaining ground amid positive developments in the US-China trade talks as the two emerging nations now see to deescalate their trade related issues. The development shall bode well for export-heavy Indian IT industry.
Furthermore, initial talks reduce concerns over potential disruption to the global technology demand landscape.
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