TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels

In less than a week from now, IT major – Tata Consultancy Services (TCS) will kick-off the Q3 earnings season on Thursday January 9, 2025. IT as a sector has outperformed the benchmark and the broader market in the second-half of the calendar year 2024.

The Nifty IT index rallied almost 20 per cent in the last six months, and quotes within striking distance (less than 3.5 per cent shy) of its all-time high of 46,088. In comparison, the NSE Nifty 50 index had declined 1.5 per cent in the July – December period; while the broader Nifty 500 index dipped 0.8 per cent.