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.