IT Stocks Rally as Tariff Pause Alleviates US Recession Fears

Indian IT stocks saw a significant rebound on April 11th, driven by President Trump's decision to pause tariffs on trading partners for 90 days. This move eased market concerns about a potential US recession, which had heavily impacted the IT sector due to its substantial reliance on American market revenue. The Nifty IT index climbed nearly 1.3% in early trading, recovering from a sharp 10% decline observed between April 2nd and 9th. The tariff pause has raised hopes for potential trade deals, with reports indicating India may leverage this window to negotiate a partial agreement with the US. Coforge emerged as the top gainer among IT stocks, surging nearly 4% to Rs 6,571 per share. LTI Mindtree, Mphasis, and

o also witnessed gains exceeding 2%. Infosys, ch, and Persistent shares followed suit, each rising by almost 2%.