Nifty IT Index Surges Over 2.3% to 29,450; OFSS and Infosys Lead Broad-Based Rally as Brokerages Eye Currency Tailwinds

Nifty IT index rose 2.39% or 688.60 points to 29,456.55 on July 27, 2026.

Oracle Financial Services Software (OFSS) surged 3.69% to ₹11,045.00, and Infosys gained 3.37% to ₹1,076.00, leading the rally.

Other major IT stocks like Coforge, HCLTech, LTIMindtree, Persistent Systems, Tech Mahindra, TCS, Mphasis, and Wipro also posted gains.

Brokerages cited currency tailwinds from a weaker rupee near ₹96.66 per dollar, boosting export margins for IT firms.

August futures open interest surged over 54% for TCS and 65% for Infosys, indicating strong trader conviction.