Amid rumors of an India-US trade deal, Infosys, TCS, HCL Tech, and other IT stocks rise 3%.

With a gain of more than 4%, Infosys led the gains in the Nifty IT index. With gains of more than 2%, HCL Technologies, Mphasis, Tech Mahindra, and Persistent Systems were among the other significant winners. Additionally, Coforge, Wipro, Tata Consultancy Services (TCS), and LTI Mindtree all had increases of more than 1% in their respective shares.

Following news that India and the US are getting closer to a trade deal, IT stocks rose up to 3% on Thursday. All of the Nifty IT index's components were trading higher as the index rose by as much as 2.4%.

With a gain of more than 4%, Infosys led the gains in the Nifty IT index. With gains of more than 2%, HCL Technologies, Mphasis, Tech Mahindra, and Persistent Systems were among the other significant winners. Additionally, Coforge, Wipro, Tata Consultancy Services (TCS), and LTI Mindtree all had increases of more than 1% in their respective shares.

With the benchmark Sensex rising more than 700 points and the Nifty 50 breaking through the 26,000 barrier for the first time since September 30, 2024, the advance in IT stocks improved sentiment in the Indian stock market overall today.

India-US Trade Agreement

India and the US are expected to shortly negotiate a trade agreement that could lower the current 50% tax on Indian goods to 15–16%, according to a Mint article. According to the report, which cited persons acquainted with the situation, energy and agriculture have become major points of discussion, and India is anticipated to consent to progressively cut back on its imports of Russian crude oil.

Update on Infosys Share Buyback

Due to news of its ₹18,000 crore share buyback program, the largest in the company's history, Infosys' share price outperformed other IT equities.

According to the IT major, its promoters and promoter group, which includes Sudha Murthy, Nandan Nilekani, and co-founders Narayana Murthy, have chosen not to take part in the repurchase. After the announcement, Infosys's share price jumped 4.28% to ₹1,535.10 a share on the BSE.