IT Stocks Today Jump After TCS Q2 Results and US Visa Updates: Nifty IT Gains 3.4% as Infosys and Wipro Follow
- October 9, 2026
- Posted by: Kunal Singla
- Category: News
IT stocks today: Nifty IT 28,688.45 (+3.43%). TCS Rs 2,195 (+5.73%). Infosys +2.81%. Wipro +3.49%. HCLTech +2.69%. Data 10:23 am IST, 9 Oct 2026.
Quick Answer
IT stocks today are rallying, with Nifty IT up 3.43% at 28,688.45 at 10:23 am on 9 October 2026. Tata Consultancy Services leads, up 5.73% at Rs 2,195, after September-quarter revenue of Rs 73,188 crore and profit of Rs 13,884 crore edged past analyst estimates. US announcements on the Green Card programme and H-1B visas on Thursday evening added a second trigger. The rally comes from a depressed base, with TCS, Infosys and Wipro still 34% to 41% below their 52-week highs, so follow-through is not assured.
IT stocks today are the strongest part of a recovering market. The Nifty IT index is up 3.43% at 28,688.45, well ahead of the Nifty 50’s 1.13% gain, and every large IT name is in the green. Two triggers are behind it: TCS’s September-quarter results and Thursday evening’s US announcements on the Green Card programme and H-1B visas.
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The detail matters for anyone tracking the sector. This article covers the TCS numbers, the visa angle, price and valuation data for the biggest IT names, and the technical levels that decide whether IT stocks today can hold their gains.
What Is Moving IT Stocks Today?
TCS is the main trigger. The company reported September-quarter revenue of Rs 73,188 crore against a consensus of Rs 73,108 crore, and net profit of Rs 13,884 crore against Rs 13,786 crore. That is a beat of about 0.1% on revenue and 0.7% on profit, with an operating margin of 24%.
The beat is small, but it arrived after a long slide, and it showed that the biggest Indian IT company can still deliver. Order intake was softer: total contract value was 9 billion dollars, down from 9.5 billion dollars in the previous quarter and 10 billion dollars a year earlier.
The second trigger is from the US. Late on Thursday there were announcements on the Green Card programme and H-1B visas. Visa rules matter because a large share of onsite delivery to US clients depends on them. The sector’s gain in IT stocks today suggests investors read the news as manageable, but the details should be read before drawing conclusions.
IT Stocks Today: Price and Valuation Data
| Company | CMP (Rs) | Day change | Market cap | P/E | Dividend yield |
|---|---|---|---|---|---|
| Tata Consultancy Services | 2,195.00 | +5.73% | Rs 7,50,844 crore | 15.00 | 5.30% |
| Infosys | 1,025.00 | +2.81% | Rs 4,03,454 crore | 13.31 | 4.82% |
| HCL Technologies | 1,208.50 | +2.69% | Rs 3,20,416 crore | 18.38 | 4.58% |
| Wipro | 163.90 | +3.49% | Rs 1,57,099 crore | 11.83 | 7.34% |
| Tech Mahindra | 1,533.80 | +2.51% | Rs 1,46,602 crore | 28.39 | 3.41% |
Dividend yields among IT stocks today are high, led by Wipro at 7.34% and TCS at 5.30%, partly because share prices have fallen so far. Wipro’s P/E of 11.83 is the lowest in the group against an industry average of 17.30, while Tech Mahindra’s 28.39 is the highest.
Mid-cap names are also stronger among IT stocks today: Persistent Systems is up 3.18% at Rs 5,642 and Coforge is up 3.26% at Rs 1,873.40.
How Far Do the Leaders Have to Recover?
The distance is large. TCS would need to rise about 53% from Rs 2,195 to regain its 52-week high of Rs 3,350. Infosys would need about 69% to reach Rs 1,728, and Wipro about 67% to reach Rs 273.10.
Against that gap, a rally of 2% to 6% in IT stocks today is a small step. It improves sentiment, but it does not change the picture that the sector has been out of favour for months.
Technical View: Can the Gains Hold?
| Stock | Price | RSI (14) | MACD vs signal | SuperTrend | 20-day average |
|---|---|---|---|---|---|
| TCS | 2,195.00 | 62.52 | -39.34 vs -51.57 | 2,226.67 (down) | 2,121.32 |
| Infosys | 1,025.50 | 43.69 | -23.38 vs -25.74 | 1,065.73 (down) | 1,026.04 |
| HCLTech | 1,208.30 | 41.57 | -23.59 vs -19.56 | 1,281.06 (down) | 1,233.07 |
| Wipro | 163.90 | 44.83 | -3.71 vs -4.15 | 169.44 (down) | 163.45 |
| Tech Mahindra | 1,534.40 | 49.34 | -17.79 vs -16.63 | 1,611.47 (down) | 1,536.44 |
| Persistent Systems | 5,625.50 | 58.94 | 0.73 vs -29.24 | 5,650.80 (down) | 5,416.20 |
| Coforge | 1,872.90 | 54.53 | 0.21 vs -5.83 | 1,918.26 (down) | 1,805.32 |
TCS shows the strongest chart among IT stocks today. Its RSI of 62.52 is the highest in the group and its MACD line is above the signal line, but the SuperTrend band at Rs 2,226.67 sits only about 1.4% above the price. A close above that band would be the first technical sign of a trend change for the stock.
Infosys is trading almost exactly on its 20-day average of Rs 1,026.04, and Wipro is just above its average of Rs 163.45. HCLTech’s MACD line is still below its signal line, so its momentum is the weakest of the large names. Persistent and Coforge are the two with MACD lines above their signal lines.
For the sector, the Nifty IT index has an RSI of 46.92 and a SuperTrend band at 29,467.64, about 2.7% above the current level. Every one of the IT stocks today in the table remains below its SuperTrend band.
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What to Check Next in the Sector
Other large IT companies are expected to report their own September-quarter results in the coming weeks, so confirm the dates on the NSE and BSE. Guidance, deal wins and operating margins will decide whether the TCS reaction spreads to the rest of IT stocks today.
The rupee is another input. With the currency near 96.7 per dollar, IT exporters earn more in rupee terms on dollar billings, which helps IT stocks today, though a sharp move in either direction can disrupt client budgets and hedging plans.
Risks for IT Stocks Today
The first risk to IT stocks today is order intake. TCS’s contract value fell year on year, and softer deal wins would pressure revenue growth in later quarters.
The second is policy risk. Visa and immigration rules can change quickly, and costs for sending staff to the US can rise if rules tighten.
Also read – US Tech Fund From Edelweiss at GIFT City: 5,000 Dollar Minimum, Structure, Currency Risk and Who May Invest
The third is the chart. All seven IT stocks today remain below their SuperTrend bands, so a relief rally can fade if buyers do not follow through. Finally, high dividend yields reflect lower prices, and payouts are never assured.
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Conclusion
IT stocks today are bouncing on a small TCS beat and fresh US visa news, and the Nifty IT index is leading the market’s recovery. The recovery has a long way to go, since TCS, Infosys and Wipro remain 34% to 41% below their 52-week highs.
Investors looking for IT stocks to buy may prefer to wait for closes above the SuperTrend levels in the table, keep a stop-loss, and consult a SEBI-registered adviser before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why are IT stocks rising today?
Ans. IT stocks today are rising because TCS’s September-quarter results edged past estimates and because of US announcements on the Green Card programme and H-1B visas on Thursday evening. Nifty IT was up 3.43% at 28,688.45 at 10:23 am.
Which IT stocks are up the most today?
Ans. TCS is up the most among large IT stocks today at 5.73%, followed by Wipro at 3.49%, Coforge at 3.26%, Persistent Systems at 3.18% and Infosys at 2.81%.
What were the TCS Q2 results?
Ans. TCS reported September-quarter revenue of Rs 73,188 crore and net profit of Rs 13,884 crore, slightly above consensus estimates of Rs 73,108 crore and Rs 13,786 crore. Its operating margin was 24%.
How do H-1B visa changes affect IT stocks?
Ans. H-1B rules affect the cost and availability of staff that Indian IT firms send to US clients. Tighter rules can raise costs, so visa news often moves IT stocks today.
Is it a good time to buy IT stocks today?
Ans. IT stocks today are rallying from a depressed base, but all of the major names still trade below their SuperTrend bands. Many investors wait for confirmation, stagger purchases and consult a SEBI-registered adviser.
What is the Nifty IT index level today?
Ans. The Nifty IT index was at 28,688.45 at 10:23 am on 9 October 2026, up 951.85 points or 3.43%. Its 14-day RSI is 46.92 and its SuperTrend band is at 29,467.64.
Which IT stock has the highest dividend yield?
Ans. Among the five largest IT stocks today, Wipro has the highest dividend yield at 7.34%, followed by TCS at 5.30% and Infosys at 4.82%. High yields partly reflect lower share prices.
What are the risks in IT stocks today?
Ans. The main risks are softer order intake, changes in US visa rules, currency swings and the chance that a relief rally fades. TCS’s contract value fell to 9 billion dollars from 10 billion dollars a year earlier.
