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Indian IT stocks have rebounded sharply. The Nifty IT index has risen 8%, adding Rs 82,500 crore to the sectors market capitalisation. The rebound follows a selloff in global AI-linked stocks driven by concerns over stretched valuations, concentration risks and uncertain returns on heavy AI investments.
IT stocks gain up to 3.5% on 15 Oct 2026 as Nifty IT rises 9% in 3 days. See the 3 drivers, TCS and HCLTech results, the weak rupee claim, the risks and levels to watch.
The BSE Sensex jumps 1,533.72 points to settle at 74,315.61. The NSE Nifty50 advances 1.66 per cent, to close at 22,997Indian equity markets staged a strong recovery on Thursday, with the Sensex and Nifty posting sharp gains despite weakness across global markets.Buying interest in information tech…