Indian information technology stocks rose Tuesday following positive quarterly results from Coforge and easing global pressures on artificial intelligence shares. The gains came after a period of underperformance for the sector this year.
Coforge reported significant increases in revenue and profit, which helped lift the broader group of Indian IT companies during the trading session. Other major firms including Persistent Systems and Mphasis also posted substantial gains.
Analysts pointed to resilient demand and attractive valuations as key factors behind investor interest. The Nifty IT index reflected the positive shift amid the day's trading.
The move followed earlier weakness in the sector, with market participants noting renewed confidence in earnings outlooks.