Infosys, TCS, Tech Mahindra, other tech stocks lift Nifty IT another 2%; 4 factors fueling the rally

Indian tech stocks extended gains for the third consecutive session on Wednesday, November 12, with sentiment toward the sector staying upbeat amid multiple positive developments, pushing the Nifty IT index close to a two-month high and making it one of the top contributors to the recent rally in frontline indices.

All ten constituents of the index traded higher, with Tech Mahindra leading the gains, surging 3.6% to ₹1,459, followed by LTIMindtree, Mphasis, and TCS, each rising up to 3.5%.