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AKANSHA JAIN

7 hours ago · SEBI-Registered Analyst

$HCLTECH Today's Market | HCL Technologies (HCLTECH) |

$HCLTECH The IT sector has had a rough few weeks. Nifty IT hit a three-year low earlier this week as global demand concerns hammered valuations across the board. But today, the story has flipped sharply. As of early trade on Thursday, Sensex was up over 400 points at 77,332, Nifty had climbed to 24,122, and Nifty IT surged nearly 3.5% — the single biggest sector mover today. The trigger: crude oil fell for a second straight session as US-Iran talks progressed, improving risk appetite, while attractive valuations across IT names after weeks of heavy selling finally brought buyers back in force. Infosys led with a 4.54% jump, while HCL Technologies, TCS, Tech Mahindra and Wipro all rose between 1.33% and 4%. HCL Technologies is particularly worth tracking in this context. On Tuesday, it was among the top losers. Today it is among the top gainers. That kind of volatility — sharp sell-offs followed by equally sharp reversals — is a pattern the IT sector has been playing out repeatedly over the past three months, making each swing a potential opportunity or trap depending on timing. Market breadth backed today's move convincingly, with 1,973 stocks advancing and just 822 declining on NSE.

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