Broad-Based Rally Across IT Stocks
Indian IT stocks surged sharply on April 15, 2026, with the Nifty IT index gaining more than 3% during intraday trade. All 10 constituents of the index traded in positive territory, reflecting strong buying interest across the sector.
Among the top gainers were Oracle Financial Services Software, which rose over 4%, followed by Tata Consultancy Services, Wipro, Infosys, Mphasis, and LTIMindtree, each advancing more than 2%.
Positive Global Cues Lift Sentiment
The rally in IT stocks was largely driven by improved global sentiment. US markets ended higher overnight, with strong gains in technology-heavy indices boosting investor confidence.
- S&P 500 rose 1.18%
- Nasdaq Composite gained 1.96%
- Dow Jones Industrial Average advanced 0.66%
Optimism was fueled by easing concerns around artificial intelligence disruption and hopes of renewed geopolitical stability.
Geopolitical Developments Support Markets
Investor sentiment improved following expectations of renewed talks involving the US, Iran, and Israel, which could ease geopolitical tensions.
Statements from Donald Trump regarding possible peace discussions helped calm global markets, leading to risk-on sentiment and buying in equities, particularly in export-oriented sectors like IT.
ADR Gains Signal Positive Momentum
American Depositary Receipts (ADRs) of Indian IT companies also indicated strong momentum:
- Wipro ADR gained over 3%
- Infosys ADR jumped more than 5%
This positive trend on Wall Street translated into strong buying interest in domestic IT stocks.
Wipro in Focus Ahead of Q4 Results
Wipro remained in focus ahead of its Q4FY26 earnings announcement scheduled for April 16.
Analysts expect:
- Net profit to rise around 2.4% QoQ to ₹3,438 crore
- Revenue to grow ~7% YoY
Additionally, the company announced the acquisition of select assets from Alpha Net Consulting LLC for up to $70.8 million, strengthening its capabilities.
Technical Indicators Signal Potential Upside
Market experts suggest that the Nifty IT index is showing signs of a trend reversal after a prolonged downtrend.
- Formation of higher lows near 30,000 levels
- Improvement in RSI and trading volumes
- Index approaching key resistance at 31,800–32,000
A sustained breakout above these levels could trigger further upside, while 30,500 is seen as immediate support.
Outlook: Buy-on-Dips Strategy Favoured
Analysts recommend a buy-on-dips approach in quality IT stocks, given improving global cues and stabilizing sector fundamentals.
With strong deal pipelines, recovery in global tech spending, and easing macro concerns, the IT sector may continue to witness momentum in the near term.