India's IT cos gain on trade deal with US
ReutersFeb 3, 2026 4:12 AM
India's Nifty IT index .NIFTYIT rises 2.5% to 39,006.10
U.S. President Donald Trump said he had agreed on a trade deal with India, lowering tariff on Indian shipments to 18% from 25%
Trump administration is also dropping 25% additional tariffs imposed on Indian imports over purchases of Russian oil
All constituents of NIFTYIT in green, Infosys INFY.NS up 3.1%, Tata Consultancy Services TCS.NS gains 1.6%, and HCL Technologies HCLT.NS rises 2.3%
Wipro up 2.6% and Tech Mahindra TEML.NS rises 1.7%
In 2025, NIFTYIT fell 12.6% vs 10.5% gains in Nifty 50 index .NSEI
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