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Nifty IT Surges 11.5% to Post Biggest Weekly Gain in Nearly 18 Years
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CNBC TV18•16-10-2026, 15:55
Nifty IT Surges 11.5% to Post Biggest Weekly Gain in Nearly 18 Years
- •Indian equity markets extended their winning streak for a second consecutive week, driven by a massive rally in information technology stocks.
- •The Nifty IT index jumped 11.5% for the week, marking its strongest weekly performance in nearly 18 years.
- •Major gainers included Tech Mahindra, Tata Consultancy Services, Infosys, and HCL Technologies, while FMCG and pharmaceutical stocks faced downward pressure.
- •Tech Mahindra recorded its largest single-day gain since March 2020 following strong second-quarter results and a bonus issue announcement.
- •Broader markets underperformed slightly, but overall market breadth remained positive with an advance-decline ratio of 3 to 2.
Key Questions Answered
Indian equity markets extended their winning streak for a second consecutive week as information technology stocks led a strong market rally.
The Nifty IT index surged by 11.5% during the week, recording its biggest weekly gain in nearly 18 years.
Tech Mahindra, Tata Consultancy Services, Infosys, and HCL Technologies were among the top Nifty gainers for the week.
