IT stocks were among the top gainers on the Nifty50 index this morning, buoyed by Accenture’s strong results and improved FY25 revenue guidance. As of 9:47 AM, several IT heavyweights were leading the market rally:
- Wipro surged 2.43% to ₹555.05, driven by strong market sentiment around the IT sector.
- Hindalco was up by 2.50%, trading at ₹753.00.
- Infosys followed closely with a 2.26% gain, trading at ₹1,943.20.
- LTIMindtree rose by 2.14% to ₹6,296.15.
- Tech Mahindra advanced 1.94% to ₹1,638.20.
- HCL Tech climbed 1.92% to ₹1,818.10.
- Sun Pharma posted a 2.01% increase, trading at ₹1,936.60.
- Grasim gained 1.83% to reach ₹2,796.05.
- IndusInd Bank saw a 1.54% rise, trading at ₹1,475.10.
- TCS added 1.42% to trade at ₹4,353.30.
Accenture’s positive revenue outlook for FY25, with guidance raised to 3-6% from the earlier 1.5-2.5%, has sparked investor optimism across the IT sector, driving gains in Indian IT stocks. The favorable global cues, coupled with strong earnings performance, have helped IT stocks lead the broader market rally on the Nifty50. Pharma and metal stocks also contributed to the overall market uptrend.
