{"id":1031948,"date":"2026-08-29T08:19:53","date_gmt":"2026-08-29T02:49:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1031948"},"modified":"2026-08-29T08:21:05","modified_gmt":"2026-08-29T02:51:05","slug":"it-shares-rally-on-strong-earnings-outlook-from-nvidia","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/29\/it-shares-rally-on-strong-earnings-outlook-from-nvidia\/","title":{"rendered":"IT shares rally on strong earnings outlook from Nvidia"},"content":{"rendered":"<p>Global IT shares rallied on Friday, buoyed by strong earnings and an upbeat outlook from Nvidia. The Nifty IT Index emerged as the top-performing sectoral index, surging 3.51%, marking its best single-day gain in two months. The market capitalisation of the top 10 IT companies soared by Rs 85,026 crore. Among major IT stocks, TCS jumped 4.16%, while Infosys gained 2.99%. HCL Technologies and Wipro advanced 2.66% and 2.58%, respectively. <\/p>\n<p>\u201cIT sector outperformed after Nvidia\u2019s strong results and upbeat guidance reinforced optimism around sustained AI-related investments, which could benefit firms involved in enterprise AI deployment and workflow integration,\u201d said Vinod Nair, Head of Research, Geojit Investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global IT shares rallied on Friday, buoyed by strong earnings and an upbeat outlook from Nvidia. The Nifty IT Index emerged as the top-performing sectoral index, surging 3.51%, marking its best single-day gain in two months. The market capitalisation of the top 10 IT companies soared by Rs 85,026 crore. Among major IT stocks, TCS jumped 4.16%, while Infosys gained 2.99%. HCL Technologies and Wipro advanced 2.66% and 2.58%, respectively. \u201cIT sector outperformed after Nvidia\u2019s strong results and upbeat guidance reinforced optimism around sustained AI-related investments, which could benefit firms involved in enterprise AI deployment and workflow integration,\u201d said Vinod [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1031948","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1031948"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031948\/revisions"}],"predecessor-version":[{"id":1031982,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031948\/revisions\/1031982"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1031948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1031948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1031948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}