Infosys Leads Indian IT Stock Rally as Global Capex Boosts Sector Gains

Infosys shares rose more than 3 percent as options data suggested strong buying pressure, with analysts noting the move follows heightened global tech spending and positive earnings outlook and a bullish analyst rating from a leading brokerage.

TCS faced a 2,500 point resistance level on its futures contract, yet still climbed, driven by expectations that Amazon, Google and Microsoft will increase capex, boosting demand for Indian software services. Analysts project a 12 percent revenue growth for the fiscal year.

Wipro saw a sharp call surge, with traders buying calls ahead of upcoming quarterly results, reflecting confidence that the firm will benefit from the same global capex trends that lifted peers. The stock also benefited from a recent upgrade by a major fund manager.

Investors are rebalancing portfolios toward Indian IT names, noting the sector’s over‑3 percent rally and the potential for further upside if capex spending stays strong, while monitoring the Cognizant PERM shock for spill‑over effects. They also watch for any policy changes that could affect export earnings.