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IT stocks rallied up to 4% on Wednesday after CLSA retained its Outperform rating on key names, easing concerns around AI-led disruption that had sparked a sharp selloff last month. Coforge and Persistent led gains, rising over 4% each, while TCS, LTIMindtree, HCL Tech, Tech Mahindra and Wipro also posted strong advances.
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NSE Holidays 2026: Indian stock markets will operate without holidays this week, including during Ugadi, Gudi Padwa, and Eid-Ul-Fitr. Further closures are planned for Shri Ram Navami and Shri Mahavir Jayanti in March. April will see market holidays for Good Friday and Dr. Baba Saheb Ambedkar Jayanti. Investors should note these trading days. The exchanges may adjust the schedule.
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Indian stock markets saw strong gains for a third day. The Sensex climbed over 500 points, and the Nifty 50 surpassed 23,700. Easing oil prices boosted investor confidence. IT stocks led the rally, with Infosys and TCS showing significant increases. This surge added substantial value to the overall market capitalization.
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Tata Steel shares will be in focus after the company approved the merger of Neelachal Ispat Nigam and a $2 billion investment in its Singapore arm. It also plans to acquire full control of Medica TS Hospital. The moves aim to streamline operations, support global subsidiaries and enhance long-term growth.
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Amid global uncertainty, investors are advised to rethink portfolios with a focus on risk management. While Indian equities show a neutral outlook with earnings nearing a trough, macro risks like rising crude prices and geopolitical tensions persist. Experts suggest staying underweight on midcaps, long-duration bonds, and US tech giants.
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