Stock viewNDTV Profit
Nifty IT rebounds 17% in October after 36% fall
Positive+1
GreyOak summary
The Nifty IT index rallied 17% in October following a 36% drop from its July 2026 peak. Major stocks like Wipro and TCS gained significantly, though valuations have expanded, limiting further upside. While Q2 results showed AI revenue growth, discretionary spending recovery remains elusive, and brokerages maintain cautious ratings.
What it affects
- NIFTY ITPositive +1
Nifty IT rebounded 17% in OctoberRolling sentiment Neutral +3
