IT Stocks Rise Today: Infosys, TCS, HCLTech Gain After AI Partnership Boost

Indian IT stocks staged a strong comeback on February 17 after heavy selling pressure last week. The Nifty IT index rebounded nearly 2% in early trade, supported by fresh buying in sector heavyweights including Infosys, Tata Consultancy Services (TCS), and HCLTech.

The recovery helped stabilise broader markets after a weak opening. While benchmark indices remained largely flat due to weakness in energy and financial stocks, gains in IT counters prevented deeper losses.

Infosys–Anthropic Partnership Drives Rally

The primary trigger behind today’s rally was Infosys announcing a strategic partnership with artificial intelligence company Anthropic. The collaboration aims to build advanced AI solutions for enterprises operating in highly regulated sectors such as banking, healthcare, and public services.

Investors responded positively to the development, pushing Infosys shares nearly 3% higher during the session.

Anthropic recently opened its first India office in Bengaluru, signalling a stronger focus on the country’s technology ecosystem. The partnership is expected to combine Infosys’ deep industry expertise with Anthropic’s AI capabilities to deliver scalable and compliant enterprise solutions.

Market participants view this collaboration as a growth catalyst, particularly as businesses increasingly adopt AI tools for automation, compliance, and decision-making.

Broad-Based Gains Across IT Sector

The rebound was visible across frontline IT stocks:

• Infosys rose over 3%

• HCLTech gained nearly 2%

• TCS advanced more than 1%

• Wipro and Tech Mahindra also moved higher

Mid-cap and niche IT firms saw even sharper gains, indicating strong investor interest across the sector. Several technology companies posted gains ranging from 3% to over 15%, reflecting renewed optimism after last week’s correction.

Recovery After Sharp Correction

The Nifty IT index had declined more than 8% last week, marking its worst weekly performance in nearly a year. Analysts believe the recent correction created attractive entry points, prompting bargain buying.

The combination of value buying and positive sector-specific news helped trigger today’s rebound.

Why Investors Are Optimistic

Several factors are supporting sentiment in IT stocks:

• Rising enterprise demand for AI-driven solutions

• Strong global technology spending outlook

• Strategic partnerships expanding service capabilities

• Attractive valuations after recent correction

The growing integration of AI into enterprise operations is expected to open new revenue streams for Indian IT firms, strengthening long-term growth prospects.

Market Impact

Despite IT strength, overall market gains remained limited due to declines in energy and financial stocks. However, broader market indicators were positive, with mid-cap and small-cap indices posting modest gains.

The IT sector’s rebound has helped restore confidence after recent volatility and may support further recovery if global cues remain favourable.