Tech stocks stage sharp rebound: 3 factors fuelling the rally

The tech stocks are among the top stars in trade today. The Nifty IT Index rallied nearly 2% in early trade and is still holding over 1% gains. Some of the big winners include Infosys, Wipro, MphasiS, Coforge and the like.

The Nifty IT Index has been under pressure lately on the back of recession concerns in the United States prompted by Trump tariff. In fact, for 2025, the Nifty IT Index is down nearly 24% on worries about the demand environment.

Three factors fuelling rally in tech stocks

However, there is significant optimism in the markets today on the back of a host of factors. Here is a look at three key reasons-

US tech-heavy index Nasdaq ends Monday’s session higher

The tech-dominant Nasdaq Composite ended up 0.1% at 15,603.26 after a volatile session on Monday, April 7. The Index is still down 19% for the year so far in 2025 and investors saw buying in trade last evening. It was a rather choppy session for the US markets with Trump threatening additional 50% tariffs on China from April 9.

ALSO READDefence Bonanza: BEL stock allies 5% after mega deal Dollar Index under pressure

The US dollar is under pressure. The Dollar Index is hovering around the 103 mark, off significantly from its January highs of 110. The Dollar Index is now down over 5% in 2025 so far and this is considered to be a crucial factor to watch for the overall tech industry.

TCS Q4 earnings on April 10

All eyes are on the TCS earnings due on April 10. The importance of the TCS Q4 results lie in the fact that it is not just an indicator of the company’s financial health but overall industry trends too. Its global client base and pipeline of large deals is indicative of the demand environment and the investors look forward to hearing from the company’s management on the outlook going forward.

ALSO READGodrej Consumer shares surge 2.4%: 3 reasons why Nuvama expects 26% upside Kotak Institutional Equities on IT

In its latest report on the expectation for the IT sector, Kotak Institutional Equities estimate “industry revenue to decline by 1-2% in FY26 assuming a moderate recession.

 » Read More

Related Articles

EPFO: Your EPS pension will not start automatically post retirement – Know what you must do

EPFO pensioners alert: Members of the Employees’ Provident Fund Organisation (EPFO) frequently raise queries on social media platforms, including ‘X’, seeking information from the retirement fund body regarding EPF fund withdrawal and transfer, pension eligibility under the Employees’ Pension Scheme (EPS), and other PF-related matters. From time to time, the EPFO also issues clarifications to

Mumbai dominates Hurun Women Leaders List: 38 influential women hail from Maximum City

Mumbai has emerged as the hub of the country’s most influential women leaders. The city is home to the majority of the Candere Hurun India Women Leaders list for 2025. Of the 97 most influential women leaders selected in the list, 38 hail from Mumbai.  ALSO READHurun honours women leaders of India: Shanti Ekambaram, Radha

Quiet session for the markets: Nifty, Sensex end higher, small and midcaps outperform; Eternal up 3%

The Indian equity benchmarks ended Wednesday’s session on a positive footing. The Sensex wrapped up the day at 80,998.25, gaining 260.74 points or 0.32%, while the Nifty closed at 24,625.10, up 82.60 or 0.34%. Banking stocks also contributed to the uptrend, with the Nifty Bank finishing at 55,676.85, up by 0.14%. Here are some of

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

EPFO: Your EPS pension will not start automatically post retirement – Know what you must do

EPFO pensioners alert: Members of the Employees’ Provident Fund Organisation (EPFO) frequently raise queries on social media platforms, including ‘X’, seeking information from the retirement fund body regarding EPF fund withdrawal and transfer, pension eligibility under the Employees’ Pension Scheme (EPS), and other PF-related matters. From time to time, the EPFO also issues clarifications to

Mumbai dominates Hurun Women Leaders List: 38 influential women hail from Maximum City

Mumbai has emerged as the hub of the country’s most influential women leaders. The city is home to the majority of the Candere Hurun India Women Leaders list for 2025. Of the 97 most influential women leaders selected in the list, 38 hail from Mumbai.  ALSO READHurun honours women leaders of India: Shanti Ekambaram, Radha

Quiet session for the markets: Nifty, Sensex end higher, small and midcaps outperform; Eternal up 3%

The Indian equity benchmarks ended Wednesday’s session on a positive footing. The Sensex wrapped up the day at 80,998.25, gaining 260.74 points or 0.32%, while the Nifty closed at 24,625.10, up 82.60 or 0.34%. Banking stocks also contributed to the uptrend, with the Nifty Bank finishing at 55,676.85, up by 0.14%. Here are some of

Last DA hike under 7th Pay Commission in July to be bigger than last one — New inflation data raises hopes

DA Hike for July-December 2025: Central government employees and pensioners are hopeful that the last dearness allowance (DA) revision in the 7th Pay Commission will be better than the last one announced for the January-June cycle 2025. The government hiked DA by 2% for the first half of the current calendar year. At present, the

Man Industries to raise Rs 300 crore via preferential issue

Man Industries will raise Rs 300 crore through a preferential allotment of convertible warrants and equity shares. The company has scheduled an Extraordinary General Meeting (EGM) on June 25 to get the necessary approvals from investors. ALSO READVodafone Idea not out of woods yet: Can the latest fund raising spur a revival? As per the