Can Infosys Q1 earnings spike Nifty IT index? A look at Tech gains Vs Nifty

It’s a busy week for the Indian IT sector. Close on the heels of the TCS and HCLTech earnings last week, Infosys will be declaring its Q1 earnings on July 18 followed by Wipro Q1 earnings on July 19. The tech stocks have responded to the hectic earnings action in the IT sector and have been on a gaining spree.

Nifty IT Index- A look at July performance

On July 12, the Nifty IT rallied over 5% to a high of 39,237, intra-day after Tata Consultancy Services reported a strong Q1 FY25 result. All the constituents of the sectoral index traded in the green on July 12.