Nifty IT Rebounds: INR Boost & Nasdaq surge📈

Tech stocks advanced smartly today, supported by a strong rebound in the Nasdaq. Nifty IT also gained, aided by the softening rupee, which lifted the value of dollar-linked service revenues and added a clear forex benefit to sector earnings. With TCS outperforming, investor sentiment turned positive across the IT basket as markets priced in improving global cues and better margin visibility. A firm global tech backdrop and favourable currency movement made IT the day’s standout.