IT Giants Lead Nifty Rally Amid Sector Rotation

The Nifty witnessed a strong sectoral rotation yesterday, led by sharp gains in IT stocks. Tata Consultancy Services surged 6.51%, while Infosys Limited, HCL Technologies and Tech Mahindra posted strong gains, reflecting renewed investor optimism towards the technology space. Adani Enterprises Limited also ended higher, adding to the positive market momentum. On the other hand, profit booking was visible in select PSU, banking and defensive counters. NTPC Limited emerged as the top loser, followed by weakness in Axis Bank, Power Grid Corporation of India, Dr. Reddy's Laboratories and HDFC Life Insurance. The session highlighted a clear shift in market preference towards growth-oriented sectors, particularly large-cap IT.