Indices rebound on IT-led rally, emerge as top performers in Asia
Benchmark equity indices rebounded on Tuesday, led by a rally in IT stocks after strong results from TCS and HCL Technologies triggered buying in the sector. The Nifty IT Index surged 5.22%, recording its biggest single-day gain in 17 months (since May 12, 2025).
A decline in Brent crude prices and Finance Minister Nirmala Sitharaman’s remarks that the government was willing to hear stakeholders’ views on the removal of long-term capital gains (LTCG) tax also boosted investor sentiment.
