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Relief rally lifts IT stocks as Al jitters subside
Financial Express Mumbai
|March 19, 2026
INDIAN IT STOCKS sawarecoveryonWednesday,with the Nifty IT index rebounding after the previous session’s underperformance, as investor sentiment steadied following brokerage commentarythat tempered concerns around AI-led disruption.
A CLSA report highlighted no increase in Al-led deflation, easing fears of sharp pricing pressure on IT services.The Nifty IT index was up 2.78% at the end of trading on Wednesday after a fall of 0.97% on Tuesday.
Among the top gainers on the day, Coforge (up 5.13%) led the pack with the sharpest uptick, followed by Oracle Financial Services Software (OFSS; up 4.73%) and Persistent Systems (up 3.52%), reflecting a broad-based recovery across mid-tier IT names after the previous session’s selloff.
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