📰 ET Markets 🟢 BULLISH 🕒 13 Oct 2026, 10:30 AM IST

Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%

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Market & Financial Impact: Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. Broadcom and Intel executives flagged capital constraints, prompting investors to reassess the AI boom. Separately, OpenAI told investors its September annualised revenue was nearly $50 billion, below its earlier indicated figure of $70 billion.

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

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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 ↗

Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%

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