Why are tech stocks rallying? Here are 3 reasons

The information technology stocks soared high in Wednesday’s trading session. The Nifty IT, which compiled IT stocks, was quoting at a level of 42,227.60 on the NSE, up 1.27%. Out of the five top gainers on the Nifty 50, the first four were tech stocks. 

Among the components of the Nifty IT index, Wipro’s share price rose 2.4% to trade at Rs 305.75, the highest gainer on Nifty IT as well as Nifty 50. It was followed by Infosys’ share price which was up 2.43% at Rs 1,844.5, TCS’ share price up 2.23% at Rs 4,126, and Tech Mahindra’s share price up 2% at Rs 1,673.85.

Out of 10 components of the Nifty IT, 6 were trading in the green. Infosys and TCS were contributing the most to the Nifty IT’s gains. The Nifty IT was the only index that was trading in the green while all other sectoral indices were in the red. 

Also Read Trump Inauguration highlights: President Trump eyes 10% tariff on Chinese imports starting next month Bloodbath on D-Street: 3 reasons why the stock market is falling today US immigration crackdown: Trump grants ICE full authority to arrest in sensitive locations including churches and schools HDFC Bank Q3 earnings today. 5 things to know ahead of results Soft tariff actions by US President Donald Trump

Since US President Donald Trump took control of office for the first day he did not announce strong and harsh tariffs as expected earlier. However, he has ordered a review of US trade deals. Earlier, Trump threatened China, Mexico, and Canada to face tariff hikes on day one of his presidency. “Amidst heightened uncertainty triggered by President Trump’s orders and announcements, there is a near consensus that IT will be a safe sector in 2025,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Overnight gain in US markets boosted sentiments

The stock markets in the US saw strong gains after President Donald Trump’s actions surrounding international trade and tariffs were softer than expected. Reacting to this the Dow Jones Industrial Average rose 537.98 points, or 1.24% to end at 44,025.81 while the Nasdaq Composite advanced 0.64% to finish at 19,756.78. The tech stocks in the US like Amazon and Nvidia gained more than 2%,

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