The Nifty IT index jumped more than 4% in intraday trading on Thursday, marking a significant relief rally for a sector that has endured a severe downturn.
The broad-based move in technology shares came as traders speculated whether the momentum signals a genuine recovery or merely a short-term bounce after months of heavy selling.
Infosys and Tata Consultancy Services (TCS) were among the top performers, with shares surging up to 5% during the session.
Infosys and Tata Consultancy Services (TCS) were among the top performers, with shares surging up to 5% during the session.
The rally helped lift the broader market, contributing to the Nifty 50 index holding above the 24,000 level it reclaimed on Wednesday.
This follows a period of intense volatility, with the benchmark having slipped below that key support level just a day prior.
Despite the sharp intraday gains, market experts advise investors to remain cautious.