Infosys, TechM, Wipro surged up to 5%; Why Did Nifty IT Rally 3% on Friday?

The Nifty IT index rallied by 3% on Friday's intraday trade session on the National Stock Exchange. Infosys was the biggest game changer in this sectoral rise of the Nifty IT index. Its share price increased by 5%, leading to a  ₹1,683.70 cost value, making the  Nifty IT index higher than the  Nifty 50. The major reasons that led to this positive growth in NSE were higher demands by the healthcare clients and big value deals giving higher revenues. FY26 reported this recovery. Analysts and brokerage firms are expecting more recovery of the IT sector of NSE in FY27, compared to FY26.

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Added to this sequential growth of the IT stocks index in NSE is the increase in the share prices of other major IT stocks. Share prices of Mphasis and Oracle Financial Services rallied by 5%. The estimated share value of these IT stocks is reported to be ₹2,929.80 and ₹7,899, respectively. LTIMindTree and TechMahindra share prices also increased by 4% reaching a value of ₹ 6,293.50 and ₹1,649.90, respectively. 

Moreover, the IT stocks index showed a growth of 3-5% for major IT stocks including Wipro, Coforge, Tata Consultancy Services (TCS), Persistent Systems and HCL Technologies. 

Reasons for the Rise in Infosys Share Price

The sequential growth in the Infosys share price and value was witnessed in Q3FY26 which expanded across October to December 2025 quarter. This was a comparably weaker quarter. According to the Business Standard, the Management said that the non-essential spend has decreased and become more selective. The renewal of the old business contracts is also repressed due to the rise in AI service demands. 

Yet, Infosys managed to grow its share price in the weaker trade quarter.

According to Infosys, the recent increase in its share price indicated a rise in demand for AI services. Infosys told Business Standard that it was the preferred AI service provider for the top-15 out of the top-25 banking clients.