India's large‑cap IT stocks surged in October, lifting the Nifty IT market cap by ₹3.87 lakh crore while foreign investors added ₹6.5 billion, prompting mixed analyst views on valuation and growth prospects.
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Jefferies sees Sagility offering more than 50% rerating potential, while Infosys and TCS could each deliver over 20% upside amid a sharp October rally in Indian IT shares.
Tech Mahindra, Wipro and other Indian IT firms surged more than 12% this week, reversing earlier outflows amid a global AI sell‑off and stronger quarterly results.
On Oct. 9, 2026, the Sensex climbed 879 points to 72,472.33 as broad buying and strong IT performance lifted Indian equities, while oil‑related stocks lagged.