IT Shares Rebound After 6-Day Slump; Wipro, HCL Tech Lead Gains

• IT shares rose Thursday, ending a six-day decline, with the Nifty IT index up nearly 1 percent.
• Wipro, HCL Technologies, and Mphasis were top gainers, rising 1.32 percent to nearly 2 percent.
• The rebound was driven by value buying after the index declined 4.13 percent over six sessions.
• US rate cut expectations and anticipated better Q3 performance also fueled the rally.
• TCS and HCL Technologies are scheduled to announce their Q3 results on January 12, 2026.

Why It Matters: IT stocks surged after a 6-day fall, driven by value buying, US rate cut hopes, and Q3 expectations.