{
  "id": 14661250,
  "title": "IT stocks rally 2% to lead sectoral gains as TechM, Wipro eye results day",
  "url": "https://urgent.news/2026/10/15/it-stocks-rally-2-to-lead-sectoral-gains-as-techm-wipro-eye-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T09:09:56.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/it-stocks-rally-2-to-lead-sectoral-gains-as-techm-wipro-eye-results-day/article71587243.ece"
  },
  "original_language": "en",
  "account": "The Nifty IT index climbed 2.04% to 30,785.45 on Thursday, leading sectoral gains as TechM and Wipro anticipated result announcements. Tech Mahindra was the sector's top performer, surging 3.83% to ₹1,635.50 on high trading volumes before retreating slightly. Wipro followed with a 1.39% gain to ₹173.29, also due to earnings reporting. HCL Technologies, TCS, and Infosys also saw gains of 3.01%, 2.44%, and 2.25% respectively. Other IT firms like L&T Technology Services, Mphasis, and Coforge added 1.84%, 0.80%, and 0.36% respectively. Persistent Systems and Oracle Financial Services declined 0.31% and 1.80% respectively. The sector's total traded value was ₹5,902.66 crore with a volume of 402.14 lakh shares. The index's market capitalisation stood at ₹11.53 lakh crore, with a P/E of 18.72 and P/B of 5.28. Despite the IT sector's recovery, the broader Nifty 50 remained pressured, sliding 0.44% to 22,623 after US inflation data raised Fed rate hike concerns. Asian markets also fell on Thursday.",
  "summary": "Nifty IT index, which surged 2.04%, was the top-performing sectoral index on the NSE",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}