​Nifty IT records biggest intraday jump in 9 months. What sparked the rally in tech stocks today?

IT stocks today: Domestic information technology (IT) stocks rebounded sharply in Wednesday’s trading session. HCL Tech’s share price ended the day up 7.7% at ₹1,594 apiece, while Wipro’s share price gained 4%, and Infosys’ share price rose 3.7%.

All 10 constituents of the Nifty IT index closed in the green, driving the index up by 4.34%—its biggest single-day gain since July 2024, when it had rallied 4.53%. This stellar rebound after a notable drop in the previous trading session has also helped Indian benchmark indices extend their winning streak to the seventh consecutive trading session today, April 23.