Shares of India’s leading IT firms—Infosys, HCLTech, and TCS—rose sharply on October 23, 2025, driven by a combination of corporate actions, sectoral momentum, and broader market optimism.
Infosys Leads with Record Buyback
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Infosys rose nearly 5% to Rs 1,541.50 on the BSE after announcing its largest-ever Rs 18,000 crore share buyback.
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Promoters, including NR Narayan Murthy, Nandan Nilekani, and Sudha Murty, are not participating, increasing potential public participation and boosting market sentiment.
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Trade Deal Optimism Boosts IT Sector
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Investors are optimistic about a possible India–US trade deal, which could reduce tariffs on Indian IT exports to the US to 15–16%.
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Analysts note that a tariff cut would significantly improve margins for IT firms with substantial US exposure.
Strong Q2 Earnings Expectations
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HCLTech and TCS also gained, as investors positioned ahead of strong Q2 earnings forecasts.
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Positive quarterly results are expected to reinforce sectoral momentum, further encouraging buying.
Technical Indicators & FII Support
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Nifty IT stocks are trading near the upper Bollinger Band, indicating sustained bullish momentum.
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Short-covering in large-cap IT stocks, along with FIIs turning net buyers, has supported sectoral strength.
Caution Ahead
While optimism drives the rally, experts caution that elevated valuations, delays in the trade deal, or global tech headwinds could trigger profit booking. The IT sector remains in focus as investors monitor trade developments, buyback outcomes, and earnings reports.
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