IT Stocks Today: Why did Nifty IT rebound after crashing over 1,400 points in 4 days?

IT Stocks Today: After witnessing losses for four consecutive sessions, information technology (IT) stocks rebounded on Friday, supported by strong gains in US technology shares and positive global market sentiment.

The Nifty IT index rose 1.95 per cent to 27,894.25 at 11:04 AM on May 15, 2026. The recovery came after the index had declined from 29,329.45 on May 11, representing a fall of 1,435.20 points, or around 4.89 per cent, over four trading sessions.

IT Shares Today

Among the major gainers in the Nifty IT pack, Persistent Systems rose 3.03 per cent to Rs 4,768.90, Infosys gained 2.47 per cent to Rs 1,122, and Oracle Financial Services Software climbed 2.05 per cent to Rs 9,087.

Tech Mahindra advanced 2.01 per cent to Rs 1,370.40, while Tata Consultancy Services added 1.92 per cent to Rs 2,289.20. Wipro rose 1.36 per cent to Rs 190.86, and LTIMindtree gained 1.28 per cent to Rs 3,970.50.

HCL Technologies moved up 1.17 per cent to Rs 1,137.10, Coforge rose 0.82 per cent to Rs 1,285.10, and Mphasis gained 0.70 per cent to Rs 2,130.

Why IT Stocks Rebound Today?

The rebound in Indian IT stocks came after US markets ended higher overnight, led by technology shares.

All three major US stock indexes closed in positive territory on Thursday. The Dow Jones Industrial Average rose 370.26 points, or 0.75 per cent, to 50,063.46. The S&P 500 gained 56.99 points, or 0.77 per cent, to 7,501.24, while the Nasdaq Composite advanced 232.88 points, or 0.88 per cent, to 26,635.22.

Technology shares led gains on Wall Street as investors reacted to generally solid economic data and monitored developments from Beijing, where US President Donald Trump was engaged in a meeting with Chinese President Xi Jinping.

NVIDIA shares climbed 4.4 per cent after the US cleared sales of the company’s H200 chips to Chinese firms, boosting sentiment in semiconductor stocks.

The Philadelphia Semiconductor Index also gained, although some artificial intelligence-related companies, including Qualcomm, Intel, Sandisk and Micron, declined between 3.4 per cent and 6.1 per cent.

Sectors that had come under pressure amid continued AI enthusiasm and tensions in the Middle East were among the session’s better performers, including software and services, transport, and regional banks.

Cisco surged 13.4 per cent to touch an all-time high after the company announced nearly 4,000 job cuts as part of a restructuring exercise and raised its annual revenue forecast.

US-China Deal

US-listed shares of Nebius Group rose 6.7 per cent after Northland Capital raised its target price on the stock by 15.3 per cent to USD 248 per share. China has agreed to buy 200 jets from Boeing, President Trump told Fox News, though Boeing shares fell 4.7 per cent.

Chipmaker Cerebras jumped 68.2 per cent in its US market debut. On the NYSE, advancing issues outnumbered decliners by a 1.6-to-1 ratio. There were 500 new highs and 95 new lows.

On the Nasdaq, 2,755 stocks advanced, and 1,980 declined, with advancing issues outnumbering decliners by a 1.39-to-1 ratio. The S&P 500 posted 30 new 52-week highs and 11 new lows, while the Nasdaq Composite recorded 113 new highs and 130 new lows.

Volume on US exchanges stood at 18.77 billion shares, compared with the 18.17 billion average for the full session over the last 20 trading days.