India`s IT stocks set for fourth session of gains; Infosys, Wipro lead

Dec 22, 2025, 12:52 GMT+7
Reuters - India's information technology stocksrise 1.6%, set for fourth session of gains
** Wiproand Infosys!top gainers; jump 2.8% and 2.3%, respectively
** Shares rise following an unexplained surge in American-listed shares after Indian market hours on Friday
** Infosys ADRskyrocketed 56% in intraday trading on Friday, before paring gains to close 5.4% higher
** "It looks like there is some buying interest after the surge in ADRs. But there doesn't seem to be much substance to it as fundamentals and export competitiveness have not changed. Therefore, we expect things to return to normalcy," says UR Bhat, co-founder of Alphaniti Fintech
** Analysts say sector rotation and rupee depreciation propelling gains among IT stocks for last few sessions
** NIFTYIT up 5% so far in December, trimming YTD losses to 9.4%
** Benchmark Nifty 50down 0.3% for December, up 10.5% YTD

Sumber : Reuters