Indian IT stocks set for best day in 9 months on hopes of easing trade tensions

Indian IT stocks .NIFTYIT gain 4.3%, set for their best day since July 2024

IT index is top sectoral gainer; benchmark Nifty 50 .NSEI up 0.3%

U.S. President Donald Trump says tariffs on Chinese imports would fall significantly, although not to zero, following a deal

Trade war between the world's top 2 economies had raised fears of a global economic slowdown, hitting growth prospects for IT companies, which earn big chunk of their revenue from the US

Heavyweights TCS TCS.NS, Infosys INFY.NS and Wipro WIPRO.NS climb 2.7%, 3.8% and 4.1%, respectively

HCLTech HCLT.NS jumps 8% after forecasting better-than-expected revenue outlook for FY26, adding to index's gains

Uncertainty not completely behind us, but positive news on global macro front and HCLT's better commentary compared to TCS and INFY has driven gains in IT stocks today, says Omkar Tanksale, analyst at Vasuki India Fund

Session's gains trim IT index's YTD losses to 18%, Nifty 50 up 2.6% YTD