IT stocks rise up to 4% on earnings and US visa trigger
In short
Infosys, TCS, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose by as much as 4% on Friday. TCS’s Q2 net profit was up 15% to Rs 13,884 crore, and the US also suspended a certification programme.
The gains matter because they show stronger buying in Indian IT shares. It is still unclear how much of the move came from earnings, the US policy change, or the OpenAI guidance update.
What the reporting says
Infosys, TCS, Wipro and other Indian IT stocks rose up to 4% on Friday, with TCS and Wipro among the key gainers. The move came amid second-quarter earnings and the US suspension of a certification programme, while TCS reported net profit up 15% to Rs 13,884 crore. The reporting also cites OpenAI cutting its annualised revenue forecast to $50 billion, but the direct link to Indian IT demand is not stated.
Why it matters
Indian IT stocks including Infosys, TCS and Wipro rose up to 4% on Friday, with TCS’s Q2 net profit rising 15% to Rs 13,884 crore. The market move was linked in the reporting to second-quarter earnings and the US suspension of a certification programme, while OpenAI also revised its annualised revenue forecast to $50 billion. The immediate effect is stronger buying interest across large- and midcap IT names.