IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What’s driving this surge?

July 29, 2026

Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors also awaiting the US Federal Reserve’s policy decision.

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