TCS, Infosys, Wipro rally as Cognizant’s Q1 beat lifts IT sentiment; Nifty IT bounces 11% from April lows

  Indian IT stocks surged on May 2 after Nasdaq-listed Cognizant Technology Solutions reported better-than-expected first-quarter earnings and reaffirmed its full-year revenue guidance, signalling steady global tech demand amid an AI-led pivot. The Nifty IT index gained around 1 per cent, with frontline names like Infosys, TCS, Wipro and HCL Technologies rising up to 1.5…