📰 ET Stocks 🟢 BULLISH 🕒 17 Oct 2026, 09:46 AM IST

IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008

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Core Development: IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008

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Market & Financial Impact: The Indian IT sector experienced an impressive surge, achieving its highest weekly increase in 18 years, driven by unexpectedly strong quarterly results from companies like HCLTech. The Nifty IT index jumped 11.7%, amidst falling semiconductor stock prices in Asia. Furthermore, the rupee showed notable strength, closing below the 95-mark for the first time in 38 days, reflecting the effective measures implemented by the Reserve Bank of India.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008

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