TCS, Infosys Lead IT Stocks as Nifty IT Surges 3% After US Tech Rally, Anthropic Update

Broader Market Gains; Volatility Eases

The broader market also traded firm. The BSE Sensex climbed 480 points, or 0.6%, to 82,686, while the Nifty 50 advanced 175 points to 25,600. India VIX declined 8.55% to 13, indicating easing near-term volatility even as investor sentiment toward IT remained cautious.

Tech Mahindra, Infosys, HCL Tech Lead Gains

Among the top gainers on the Nifty 50, Tech Mahindra rose 2.4% to ₹1,377.7, Infosys gained 2.3% to Rs 1,305, and HCL Technologies advanced 2.2% to ₹1,368.2. Tata Consultancy Services climbed 1.9% to ₹2,623, while Wipro added 1.6% to ₹203.29. Outside the Nifty 50, LTIMindtree surged 2.4% to ₹4,605.85.

The recovery follows a strong overnight rally on Wall Street, where the Nasdaq 100 rose more than 1% after weeks of volatility linked to artificial intelligence disruption fears. Technology stocks in the US rebounded as investors reassessed the near-term impact of AI on existing software business models.

Anthropic Partnerships Spark Reassessment

Sentiment improved after Anthropic announced it was developing new “plug-ins” for its Claude Cowork agent in partnership with companies across investment banking, wealth management, and human resources. The company said the tools would integrate with enterprise use cases rather than immediately displace existing models, easing some concerns about abrupt disruption.

In the US, software stocks that had been heavily battered in recent weeks saw a relief rally. FactSet climbed about 6%, Salesforce rose 4%, and DocuSign gained 2.6%. The S&P 500 software & services index rose 1.3%, though it remains down 23% in 2026. The iShares Expanded Tech-Software Sector ETF advanced 1.9%.

The rebound came after a prolonged sell-off that wiped out nearly $1 trillion in market value during what experts termed “Software-mageddon.” The S&P 500 software index had touched a 10-month low earlier in the week after Citrini Research projected a 2028 scenario in which unemployment could rise to 10.2% due to AI-driven job displacement.

AMD-Meta Deal Adds to AI Spending Debate

Concerns around AI-related capital expenditure also intensified after Advanced Micro Devices said it would sell up to $60 billion worth of AI chips to Meta Platforms in a deal allowing the social media giant to acquire up to 10% of the chipmaker’s stock at a nominal price of one cent per share. The development added to worries about circular spending among major AI players, even as it underscored the scale of ongoing investments.

Conclusion

Overall, the 3.75% rebound in the Nifty IT index reflects a technical and sentiment-driven recovery following a sharp over 4% decline, supported by a more constructive tone in global technology stocks. However, with the US software index still down 23% this year and volatility fresh in investors’ minds, market participants remain watchful for clearer signs of a durable bottom in the sector.