Shares of major Indian IT companies open higher as the Nifty IT index climbs more than 1% following news of a US-Iran peace deal. NDTV reports that TCS, Infosys and Wipro trade in the green during the session. The uplift in sentiment also follows a sharp early move in the broader market, with the Nifty IT related sector suffering an immediate drop in the first minutes of trade. According to the report, the index shed around Rs. 50,000 crore in market capitalisation within the first 15 minutes before recovering later in the day. The articles link the rebound in IT stocks to improved expectations tied to the US-Iran development, which is reflected in the index’s higher move and the turn positive for the large-cap names mentioned. No additional company-specific operational updates are included in the provided summaries; the focus remains on intraday price movement and sector performance tied to the external geopolitical news.
TCS, Infosys and Wipro rise as Nifty IT gains after US-Iran peace deal news
Shares of major Indian IT companies open higher as the Nifty IT index climbs more than 1% following news of a US-Iran peace deal. NDTV reports that TCS, Infosys and Wipro trade in the green during the...
- TCS, Infosys and Wipro trade higher (in the green) during the session.
- The Nifty IT index rises more than 1% after news of a US-Iran peace deal.
- The sector/related index drops sharply in the first 15 minutes of trade.
- The early decline is reported as about Rs. 50,000 crore in market capitalisation.
- The rebound is attributed to changing sentiment following the geopolitical development.
The recovery in IT stocks comes just dafter the index shed over Rs. 50,000 crore in market capitalisation in first 15 minutes of trade on Friday.
1 day agoThe recovery in IT stocks comes just dafter the index shed over Rs. 50,000 crore in market capitalisation in first 15 minutes of trade on Friday.
1 day ago
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