{
  "type": "article",
  "title": "Money Flows Back Into Software Services as Nifty IT Climbs Nearly 4%, With Coforge Leading the Pack",
  "summary": "A global sell-off in AI and semiconductor stocks pushed investors toward Indian software services firms on Monday, lifting the Nifty IT index 3.81%, with Coforge surging 9.26% to top the sector.",
  "content": "Indian software services companies came roaring back on Monday, turning the information technology pack into one of the biggest winners on Dalal Street. The rebound was driven by a clear shift in mood: as global investors dumped artificial intelligence and semiconductor names, they moved their money toward IT services firms that look far less exposed to the frenzy around AI hardware.\n\nNifty IT jumps nearly 4%\nThe Nifty IT index shot up 3.81%, adding 1,122.85 points to reach 30,564.75 as of 11:49 AM IST. It had opened the session at 29,825.40 and swung between an intraday low of 29,820.05 and a high of 30,572.40 before settling into strong gains. The sharp move stood out on a day when much of the global technology trade was under pressure, underlining how investors treated Indian IT as a safer corner to park their cash.\n\nHeavyweights lead the surge\nTata Consultancy Services was among the standout performers. The TCS share price rose 5.07% to Rs 2,411.90 after opening at Rs 2,325.00. It touched an intraday high of Rs 2,412.90, well above its previous close of Rs 2,295.60, as buyers piled into the country's largest software exporter.\n\nTech Mahindra also joined the rally. Its stock changed hands at Rs 1,634.80 at 12:08 PM IST on July 28, a gain of 3.80% over the previous close. The share opened at Rs 1,599.00, climbed to a high of Rs 1,634.00 and dipped to a low of Rs 1,595.80 during the session.\n\nHCLTech was trading at Rs 1,337.30 at 12:09 PM IST, up 3.19%. It opened at Rs 1,301.00 and rose to an intraday high of Rs 1,342.00, comfortably above the previous close of Rs 1,295.90.\n\nInfosys, another index heavyweight, was quoted at Rs 1,114.60 at 12:10 PM IST, a rise of 3.28% from the previous close. The stock opened at Rs 1,097.00 and pushed up to a high of Rs 1,115.80, adding to the broader momentum across the sector.\n\nCoforge steals the show\nThe biggest gainer of the lot was Coforge, whose share price rocketed 9.26% to Rs 1,670.00 at 12:10 PM IST. It opened at Rs 1,570.00 and ran up to an intraday high of Rs 1,680.00, staying near the top of the IT leaderboard through the morning.\n\nThe stock had extra fuel behind it. Coforge posted 1.1% organic revenue growth for the first quarter, while its acquisition of Encora added further to the company's overall growth. That combination of steady organic expansion and inorganic firepower gave investors a solid reason to bid the shares higher even as the rest of the sector rode a broader wave.\n\nOn top of that, the company reported fresh order wins worth $691 million during the quarter, lifting its total executable order book to roughly $2.23 billion. A deal pipeline of that size reassured the market about Coforge's medium-term growth prospects and helped the stock comfortably outrun the wider IT index.\n\nWhy the money rotated into IT\nThe rally did not happen in a vacuum. It followed heavy selling in global AI infrastructure and semiconductor companies, which came under pressure amid growing worry that the enormous sums being poured into AI may not deliver the returns investors have been counting on. As chipmakers around the world wobbled, money looked for a steadier home, and Indian technology services firms fit the bill.\n\nThe reason is structural. Unlike semiconductor makers, Indian IT companies earn the bulk of their revenue from software services, cloud computing, consulting and digital transformation work, rather than from building AI chips or data-centre hardware. That business mix makes them look less vulnerable to the recent unwinding in AI-linked stocks, which is exactly why investors treated the sector as a relative safe haven on Monday.\n\nFed decision now in focus\nAttention now turns to the US Federal Reserve, which is due to announce its policy decision later this week. Any signal that interest rates will stay steady, along with signs that American companies are loosening their technology budgets, could hand Indian IT firms another leg of support. That matters because these companies draw a large share of their revenue from North America, making US demand and US monetary policy central to their outlook. For now, though, the story on Dalal Street was one of a decisive rotation back into software services.\n\nWhat this means for you\n• For investors: If you hold IT stocks or mutual funds, Monday's rally lifted their value, but the jump rests on money rotating out of AI stocks, so this week's Federal Reserve decision is worth watching before making fresh moves.\n• For IT employees: Coforge's $691 million in fresh order wins and a strong deal pipeline point to healthy demand across the sector.\n\nQuestions & Answers\n\n1. How much did the Nifty IT index rise on Monday?\nThe Nifty IT index climbed 3.81%, or 1,122.85 points, to 30,564.75 as of 11:49 AM IST.\n\n2. Which stock gained the most in the IT sector?\nCoforge led the pack, surging 9.26% to Rs 1,670.00.\n\n3. Why did Coforge shares jump so sharply?\nThe company reported 1.1% organic growth in the first quarter, a boost from its Encora acquisition, and $691 million in fresh order wins, taking its order book to roughly $2.23 billion.\n\n4. What level did TCS shares reach?\nTCS rose 5.07% to Rs 2,411.90, compared with its previous close of Rs 2,295.60.\n\n5. Why did IT stocks rally?\nInvestors rotated out of global AI infrastructure and semiconductor stocks after a heavy sell-off and moved toward relatively stable Indian IT services companies.\n\n6. How are Indian IT companies different from semiconductor firms?\nThey earn most of their revenue from software services, cloud computing, consulting and digital transformation, rather than from making AI chips or data-centre hardware.\n\n7. What major event is the market waiting for now?\nThe market is awaiting the US Federal Reserve's policy decision later this week, which could affect Indian IT companies.",
  "url": "https://trendkia.com/en/market/sophtaveyara-sheyaron-men-lauti-raunaka-nifty-it-kariba-4-uchhala-aura-coforge-bana-sabase-bara-sitara-11299",
  "category": "Market",
  "publishedAt": "2026-07-28",
  "tags": [
    "Nifty IT",
    "Coforge share",
    "TCS share",
    "IT sector rally",
    "Infosys share",
    "stock market"
  ],
  "language": "en",
  "site": "TrendKia"
}