{"id":103415,"date":"2026-06-01T17:58:18","date_gmt":"2026-06-01T12:28:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=103415"},"modified":"2026-06-01T17:58:20","modified_gmt":"2026-06-01T12:28:20","slug":"nifty-it-index-jumps-us-software-earnings-salesforce-snowflake-june-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-it-index-jumps-us-software-earnings-salesforce-snowflake-june-2026\/","title":{"rendered":"Nifty IT Index Jumps 2.66% as Salesforce, Snowflake and Workday Earnings Revive Global Software Sector Optimism"},"content":{"rendered":"
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The Nifty IT index surged 2.66% to 29,854.25 on June 2, 2026, adding 774.10 points and standing as the sole sectoral gainer on a day when the broader market fell sharply. All 10 constituents closed higher, led by Persistent Systems (+5.18%), Infosys (+4.29%), Coforge (+4.18%), and TCS (+4%). The rally was triggered by strong US software earnings: Salesforce Q1 FY27 revenue grew 13% to $11.13 billion with EPS beating by 50%, Snowflake product revenue surged 34% with its stock up 37% after hours, and the Nasdaq Composite hit a record high of 26,934.84.<\/em><\/p>\n

The Nifty IT<\/a> index delivered its best single-day performance in recent weeks on June 2, 2026, surging 2.66% to 29,854.25 even as the broader Nifty 50 fell 0.70% and Sensex dropped 508 points. The Nifty IT rally was sparked by a powerful batch of US software earnings reported on May 27-28, which collectively confirmed that corporate technology spending on AI, cloud infrastructure, and enterprise software platforms remains robust despite global macro headwinds. With all 10 Nifty IT constituents advancing, the session marked a clear institutional conviction buy in Indian IT stocks that had been weighed down by a 22% year-to-date decline before this recovery began.<\/p>\n

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