GENERAL2 Oct 2026
TCS, Wipro, Infosys, HCL Tech: Why experts see IT stocks' price jump on Monday — What's giving the boost? | Stock Market News
Accenture's strong quarterly results have lifted hopes for Indian IT shares. Infosys and Wipro jumped about 6% on the New York Stock Exchange (NYSE) after the US company beat estimates, with revenue up 6.3% to $18.7 billion. Experts expect a gap-up opening on Monday, since Indian IT firms earn over half their business from the US. They suggest booking profits after a 5% intraday rally.
Key Statutory Highlights
- Accenture reported fourth-quarter earnings of $3.29 per share, beating analysts' estimates by 11 cents, while revenue rose 6.3% year over year to $18.7 billion.
- Infosys shares finished close to 6% higher and Wipro shares ended over 6% higher on the NYSE after Accenture's results were announced.
- IT stocks carry around 10% weight in the Nifty 50 index and around 12% in the BSE Sensex, which may also lift these benchmark indices on Monday.
Actionable Advice for Taxpayers / Founders:If you hold Indian IT shares, experts suggest considering profit booking after a 5% intraday rally, since they feel the rally may fizzle out soon. Please check with a certified financial expert before making any investment decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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