Nifty IT Jumps Over 3% On March 18; Infosys, TCS, HCL Tech Lead Sectoral Gains
5paisa Capital Ltd
- 2 min read
Last Updated: 18th March 2026 - 03:47 pm
Summary:
Nifty IT shares increased by more than 3% on March 18. Infosys, TCS, and HCL Technology were some of the top performers in this sector. IT shares were positive across both large-cap and mid-cap segments.
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The Nifty IT sectoral index jumped more than 3% on March 18, 2026. During this time, all IT sector shares were positive. This was reflected in the performance of the IT sectoral indices.
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As of 10:03 AM, the Nifty IT index is up 3.2 %, which is the best-performing sectoral index. On the benchmark indices, the Sensex is trading higher by 270 points, or 0.35 %, at 76,341. Similarly, the Nifty is up 95 points at 23,670. In terms of market breadth, 2,755 stocks are trading higher, while 632 stocks are trading lower.
Among the prominent IT stocks, Infosys is trading with a gain of more than 3.3%, becoming one of the top gainers on the Nifty.. HCL Technologies and Tata Consultancy Services gained around 3.1%–3.2% each. Tech Mahindra advanced nearly 2.8%, while Wipro rose over 2.6%.
Broad-Based Buying In Midcap IT
Gains were also visible across midcap IT companies. Oracle Financial Services Software rose about 4.5%, while Persistent Systems and Coforge gained over 4% each.
Other stocks such as Mphasis and LTIMindtree moved higher in the range of 3%–3.5%, indicating participation across segments in the IT space.
Recovery After Previous Session Decline
The gains follow a decline in IT stocks in the previous trading session. The rebound on March 18 reflects a recovery in prices across both large-cap and mid-cap IT stocks after the earlier fall.
Market Environment
The broader market has also been trading in the green during the session, though the rise in the banking stocks has been limited. India VIX has fallen by almost 5 %, which reflects the lower volatility during the day.
The cues were positive from the global market, as the U.S. markets closed with a gain in the previous session. The IT stocks continued their rise during the session, with the IT sector emerging as the top gainer among all the indices on March 18.
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