Shares of IT majors including Infosys, Tata Consultancy Services, HCLTech and Wipro edged higher on Thursday, tracking gains across the Nifty IT index as investor sentiment improved on the back of artificial intelligence-driven developments.
The index rose about 1.5 per cent to 33,167.60 from its previous close of 32,668.30, with Tech Mahindra and Coforge also among the top gainers, amid announcements of a slew of AI partnerships and activity linked to the India AI Impact Summit.
Shares of Infosys gained around 2 per cent today, climbing to an intraday high of ₹1,401.50, as the stock stayed in focus after announcing a partnership with Anthropic.
Another sector heavyweight, Tata Consultancy Servicesalso advanced about 2 per cent, rising to ₹2,748.70 from its previous close of ₹2,694.90. Meanwhile, shares of wipro edged up 1.6 per cent to ₹215.44, compared with the earlier close of ₹211.95.
The rally comes after a period of volatility for IT counters, reflecting the sector’s transition as artificial intelligence reshapes client spending and technology priorities.
Fresh optimism around artificial intelligence demand coincides with supportive global cues. Investor sentiment improved after announcements and deal chatter linked to the India AI Impact Summit 2026 highlighted growing partnerships and enterprise adoption opportunities for services firms, reinforcing expectations of stronger digital transformation pipelines.
According to insights drawn from a Tata Mutual Fund report published earlier, India’s IT services ecosystem is positioned to benefit from the next phase of the global AI cycle, which is shifting from hardware-led investment toward enterprise deployment and integration. Large global clients are beginning to modernize legacy systems, redirecting budgets from maintenance toward innovation and AI-enabled workflows — a structural shift that expands the addressable opportunity for service providers with domain expertise.
Over the past six months, earnings revisions have been flat to slightly positive for Nifty IT, while the broader market has continued to face downward adjustments, the report read.
From a market perspective, the sector is expected to see a gradual recovery rather than sharp growth in the near term, it added.
Brokerage sentiment broadly mirrors this balanced outlook. Market participants acknowledge the positive sentiment impact of AI partnerships and pipeline visibility, but remain mindful of execution challenges, including reskilling, pricing pressure and the gap between technological capability and enterprise adoption speed.
(This is a developing story)
Published on February 19, 2026