# IT stocks rebound sharply in October

> TCS surges 22% as Indian IT stocks rebound after Q3 results.
- Title: IT stocks rebound sharply in October · mint | Shortify
- Summary: TCS surges 22% as Indian IT stocks rebound after Q3 results. Indian IT stocks rose 16% in October as TCS gained 22% and Wipro/Tech Mahindra each gained 20%…
- Keywords: tcs, wipro, tech mahindra, nifty it, it stocks, q3 results, ai disruption, valuation, revenue growth, market capitalisation, news, india
- Source: mint — https://livemint.com/market/stock-market-news/it-stocks-rebound-sharply-in-october-tcs-gains-22-wipro-and-tech-mahindra-gain-20-3-key-reasons-behind-the-jump-11792671461699.html
- Author: A Ksheerasagar
- Published: 2026-10-22T13:28:16+00:00
- Read time: 1 min
- Topics: tcs, wipro, tech mahindra, nifty it, it stocks, q3 results, ai disruption, valuation, revenue growth, market capitalisation, news, india
## IT stocks rebound sharply in October
Indian IT stocks rebounded sharply in October with the Nifty IT index rising 16% as stronger-than-expected quarterly results, attractive valuations, and easing concerns about AI disruption revived investor interest.
## TCS surges 22% in October
TCS surged 22% in October, followed by Tech Mahindra and Wipro each gaining 20%.
## Nifty IT index performance
The Nifty IT index advanced 16% and reclaimed the 30,000 mark, touching its highest level in eight months last week.
## Market capitalisation growth
The combined market capitalisation of Nifty IT stocks increased from ₹ 22.01 lakh crore to ₹ 25.88 lakh crore, an increase of ₹ 3.87 lakh crore.
## Q3 results revive confidence
Stronger-than-expected performances from major companies eased concerns over slowing demand and potential ai disruption impacts.
## Tech Mahindra and Wipro results
Tech Mahindra reported revenue above expectations with robust deal wins, while Wipro showed stronger-than-expected quarterly revenue with delayed large deals supporting future growth.
## HCLTech performance
HCLTech's quarterly performance, stronger ai-related revenue, and healthy deal wins bolstered sector confidence in earnings outlook.
## Infosys earnings expected
Infosys is due to release second-quarter earnings on October 23 with expected revenue growth of just 1.8%.
## Key takeaway

Indian IT stocks rose 16% in October as TCS gained 22% and Wipro/Tech Mahindra each gained 20% due to strong quarterly results, attractive valuations, and reduced AI disruption fears.