IT sector stocks rallied in early trade, pushing the broader market higher, with Infosys leading the gains. The rise comes after weeks of mixed movement in technology shares, which have been under pressure due to global uncertainty and weak client spending.
Market expert Avinash Gorakshakar said Infosys has already indicated that the December quarter is likely to be stable, as this period usually sees lower activity due to holidays at client locations.
He added that the January to March quarter could be stronger. According to him, large IT companies remain well placed over the next few months. He said investors should stay positive on bigger names such as HCLTech, TCS and Coforge. Gorakshakar also said the outcome of a US trade deal could act as a major trigger, as several deals currently in the pipeline may turn into actual orders. He said the outlook remains constructive over a 6 to 12 month period.
Along with IT stocks, interest was also seen in Groww after Jefferies started coverage on the company with a buy call. The brokerage cited strong client growth, fast product expansion and scope for better margins. It also compared Groww’s strategy to the scalable, product-led model used by Robinhood. Groww has risen around 16–17% in the past week.
Gorakshakar said he remains positive on Groww for investors with a medium to long-term view. He added that capital market-linked stocks such as NSDL could also benefit when market sentiment improves.
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