The Nifty IT index climbed by 0.92% to reach 36,780.85 points in morning trading, as all constituent stocks recorded gains in response to the Federal Reserve’s overnight announcement of a 25 basis point interest rate cut. Tech Mahindra was the strongest performer, advancing 2.30%, while Infosys gained 1.65%, and Mphasis increased by 1.28%.
LTI Mindtree was among the notable gainers, rising 2.30% to ₹5,548, with Infosys climbing to ₹1,547.50. Wipro and Coforge also experienced solid increases of 1.23% and 1.10%, respectively. The broader index opened at 36,801.50 and reached an intraday high of 37,064.95.
Trading volumes were robust, with a total of 145.42 lakh shares exchanged, worth ₹1,921.27 crore. Infosys accounted for the highest trading value at ₹548.36 crore, whereas Wipro led in volume, with 61.60 lakh shares traded.
Rajesh Palviya, Senior Vice President of Research at Axis Securities, attributed the rise to the Fed’s dovish approach, which is projected to attract foreign investment into India and support the strength of the rupee. “The IT sector is well-positioned to benefit from lower borrowing costs in the US and potential currency advantages,” Palviya noted.
Despite these gains, the sector remains down 15.20% year-to-date and 12.61% over the past year, although it has shown improving momentum with a 6.20% increase over the past month. The index currently trades at a price-to-earnings ratio of 26.32 times.
Published on September 18, 2025.
