Nifty IT surges 4.5% as Infosys and Coforge lead sector rebound

Indian technology stocks staged a sharp reversal after four consecutive days of losses, with major names like Infosys and HCLTech posting gains of up to 6%.

By Handelsavisen Newsroom · Automated 2026-07-02 07:22 UTC · 1 min read

The Nifty IT index climbed 4.5% to 26,946.35 on Thursday, marking a decisive relief rally for a sector that has endured a severe downturn.

The broad-based advance saw all constituents posting gains, effectively halting a four-day losing streak that had weighed heavily on technology valuations.

Coforge, Mphasis, Persistent Systems, and HCLTech also drove the upside, each recording gains of up to 6%.

Infosys led the recovery, with shares surging nearly 6%.

Coforge, Mphasis, Persistent Systems, and HCLTech also drove the upside, each recording gains of up to 6%.

The synchronized move across large-cap and mid-cap names suggests a broad rotation back into beaten-down counters rather than isolated stock-specific news.

This rebound follows a decisive recovery in the broader market, where the Nifty 50 index surged past the 24,000 mark on Wednesday after slipping below the level the previous day.