Shares of Coforge, Wipro, Tata Consultancy Services (TCS), and LTI Mindtree increased by over 1 percent, reflecting widespread growth in the IT sector. Infosys, TCS, and HCL saw their stock prices rise by 3 percent following news reports suggesting that India and the US are nearing an agreement on a trade deal. The Nifty IT index jumped by 2.4 percent in the past 24 hours, with all its components in the green. According to a recent report from Mint, the India-US trade agreement could reduce tariffs on Indian exports from 50% to 15-16 percent. Key topics of discussion include agriculture and energy, with India reportedly willing to cut imports of Russian crude oil, as per sources familiar with the negotiations.
Infosys emerged as the top performer among Indian IT stocks in 2025, aided by the announcement of a record share buyback of Rs 18,000 crore, the largest in the company’s history. The company’s promoters, including founders Narayana Murthy, Nandan Nilekani, and Sudha Murthy, will not participate in the buyback. Following this news, Infosys shares surged by as much as 4.28 percent, closing at Rs 1,535.10 on the BSE. Additionally, Hindustan Unilever (HUL) saw a strong performance, with its shares increasing nearly 3 percent after the release of its Q2 earnings. HUL shares rose by as much as 3.9 percent to Rs 2,667.55 at the BSE, and at 11:20 am, they were trading up 1.17 percent at Rs 2,622.70.
