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IT Stocks Rebound as Bargain Buying Lifts Sector Leaders
IT stocks snapped a six-day losing streak as investors stepped in to buy beaten-down names. Wipro and HCL Tech led gains, supported by rupee stability and cautious optimism around global technology demand and earnings outlook.
Indian IT stocks staged a rebound after a six-session decline, driven by bargain hunting and short-covering at lower valuations. Shares of Wipro and HCL Technologies emerged as top gainers, supported by stability in the rupee and expectations of steady global tech spending. Investors also positioned ahead of upcoming earnings updates, aiding sentiment across frontline IT names.