π Nifty IT Index Jumps 3% on Strong US Market Closes
The Nifty IT index surged by 3.2 percent during Friday's trading, driven by a strong finish in US markets following Nvidia's positive revenue forecast. LTM rallied 5 percent, while TCS, HCL Technologies, and Coforge all gained 4 percent on Friday. This rally comes after the Nifty IT index outperformed the market by 15 percent over the last two months. Analysts suggest future upside depends on specific company execution rather than broad sector gains. π