Infosys Rises 4% On Anthropic Partnership, Nifty IT Gains Nearly 3%

Shares of Infosys gained over 4% in intraday trade on February 17 after the company announced a strategic collaboration with Anthropic to develop enterprise artificial intelligence solutions. The Nifty IT index advanced nearly 3% to 33,612.30 as of 11:35 am, according to data from the National Stock Exchange of India.

Other information technology stocks also traded higher. HCL Technologies, Wipro, and Persistent Systems rose nearly 3% each, while Mphasis gained over 2%. Tata Consultancy Services, Tech Mahindra, Coforge, and LTIMindtree were up around 2% each during the session, as per exchange data.

Details Of The Partnership

Infosys said it will integrate Anthropic’s Claude models, including Claude Code, with its Topaz AI offerings to deliver artificial intelligence solutions across telecommunications, financial services, manufacturing, and software development sectors. The companies will also establish a dedicated Anthropic Center of Excellence to build and deploy AI agents tailored to industry-specific operations, according to Infosys’ statement.

Dario Amodei, Chief Executive Officer and Co-Founder of Anthropic, said in the company's release that deploying AI models in regulated industries requires domain expertise. Infosys Chief Executive Officer Salil Parekh stated that the collaboration aims to expand enterprise AI capabilities across industries.

Recent Volatility In IT Stocks

The gains come after a period of volatility in IT shares. The Nifty IT index had declined 8.2% last week, marking its worst weekly performance in 11 months, according to NSE data.

Global developments also influenced sentiment. Data released in the U.S. showed that the unemployment rate fell to 4.3% in January, according to figures cited by Reuters. The data indicated stable labour market conditions while policymakers monitor inflation trends.

Sector performance on February 17 reflected a broad-based recovery in IT stocks following the partnership announcement. Exchange data showed that the Nifty IT index extended gains for a second consecutive session after earlier declines.

The movement in Infosys and other IT counters contributed to the overall rise in the technology index during morning trade on February 17.