TCS's Positive Outlook Sparks Surge in IT Stocks

Tata Consultancy Services (TCS) reported a 12% rise in net profit for the December quarter, boosting investor confidence.

This led to a 5% increase in TCS shares, propelling the Nifty IT Index up by 3.4% on Friday. Other major IT firms also saw gains: LTI Mindtree rose 4.6%, Tech Mahindra 3.6%, HCL Technologies 3.2%, and both Infosys and Wipro 2.5%. Analysts attribute this surge to TCS's optimistic demand outlook and improved deal cycles, signaling a recovery in discretionary spending.