📰 ET Markets 🟢 BULLISH 🕒 09 Oct 2026, 01:48 PM IST

Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day

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Market & Financial Impact: IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks.

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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 ↗

Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day

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