IT stocks shine: Nifty IT rises 2% as US Federal court blocks Trump tariffs

Why are IT stocks rising today? IT stocks were in strong demand on Thursday, May 29, with the Nifty IT index climbing as much as 1.74 per cent to hit an intraday high of 38,121.40.

Around 9:50 am, all 10 constituents of the Nifty IT index were trading in the psoitive territory. Leading the gains, LTI Mindtree surged 3.48 per cent to an intraday high of ₹5,276.80, followed by Persistent Systems, which rose 2.52 per cent to ₹5,725. Infosys gained 2.36 per cent to ₹1,608.90, while Coforge advanced 1.98 per cent to ₹8,635.