Nifty IT index rallies 3% post HCLTech Q4 earnings. Should you buy IT stks?

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Nifty IT index rallies 3% post HCLTech Q4 earnings. Should you buy IT stks? - Business Standard

Quick Summary:

HCL Technologies' Q4FY25 performance, albeit soft, was better than expected and its guidance was largely along expected lines.

What's driving IT stocks today? Today’s up move in IT stocks came after the Nasdaq Composite rose 429.52 points, or 2.71 per cent, to 16,300.42 on Tuesday.

IT services spending grew at the highest rate ever in 2021 and 2022 after muted growth in 2020, the brokerage firm said in its IT Services report dated April 7, 2025.