IT shares rise after 6-day decline; Wipro, HCL Tech among top gainers: Here are key factors

Stock rise in trade. 

• Nifty IT index rose nearly 1 percent after six sessions of decline
• Wipro led gains, with HCL Tech and Mphasis also up over 1 percent
• Value buying and US rate cut hopes supported IT stocks

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IT shares rose in Thursday’s trade after falling for six consecutive sessions. The Nifty IT index was up nearly 1 percent, recovering after losing over 4 percent in the previous six sessions amid sustained profit booking.

Wipro led the gains, rising nearly 2 percent. HCL Technologies and Mphasis were also among the top performers, gaining 1.34 percent and 1.32 percent, respectively.

Infosys, Tech Mahindra, Tata Consultancy Services and LTIMindtree were among other gainers, rising up to 1 percent. Nine of the 10 constituents of the Nifty IT index were trading in the green.

Key factors supporting IT stocks

1) Value buying: Investors stepped in to buy beaten-down IT stocks after the index declined 4.13 percent over six sessions. The sustained correction led to value buying across most IT stocks.

2) US rate cut expectations: The US Federal Reserve is scheduled to meet on January 27–28, with investors hoping for further rate cuts and continued monetary easing. Ahead of the New Year holiday, US President Donald Trump said he would announce his choice for the next Federal Reserve chair by January.

3) Better Q3 performance expectations: Market participants are expecting an improvement in demand and a better showing in the December quarter, with the earnings season set to begin shortly.

Tata Consultancy Services has scheduled a meeting of its board of directors on Monday, January 12, 2026, to review and approve its audited standalone financial results for the quarter and nine months ended December 31.

HCL Technologies has also announced that its Board of Directors will meet on Monday, Jan. 12, 2026, to consider the company’s financial results for the quarter and nine-month period ended Dec. 31.

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