IT sector is performing well today in the Indian stock market mainly due to a mix of global and domestic factors:

📈 Key Reasons: Weakening Rupee (₹) – A fall in the Indian Rupee against the US Dollar benefits IT companies since most of their revenues come from exports. They earn more in rupee terms. Strong US Market & Tech Demand – US economy data and Nasdaq performance have been strong, boosting demand sentiment for Indian IT companies that serve global clients. Deal Wins & Earnings Optimism – Recent large deal announcements and expectations of better Q2/Q3 earnings have increased investor confidence. Defensive Sector Preference – When markets are volatile, investors often shift to defensive sectors like IT and Pharma. AI & Digital Transformation – Rising adoption of AI, cloud, and digital services globally is creating new opportunities for Indian IT firms.