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Mohammed Shoaib

9th Oct · SEBI-Registered Analyst

TCS Leads Modest IT Sector Uptick Ahead of Earnings

The IT sector saw mild gains of around 0.4%, largely driven by buying interest in

TCS
ahead of its upcoming earnings announcement. Investors are optimistic about TCS’s strong deal pipeline, steady digital transformation demand, and improving margins in its key markets like the US and Europe. Other large-cap peers such as Infosys and
HCLTECH
also witnessed marginal traction, benefiting from the sector’s overall stability and expectations of sequential revenue growth. Mid-tier IT names like
LTIM
and
PERSISTENT
gained modestly, supported by continued enterprise spending in cloud and automation. The positive sentiment around TCS’s earnings has lifted confidence across the IT pack, signaling that tech majors may be entering a phase of gradual recovery after several quarters of muted growth.

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