# IT stocks rebound with Rs 2.6 lakh crore gain

> IT stocks surged 12% this week, adding Rs 2.60 lakh crore in market value after AI-linked stocks slumped.
- Title: IT stocks rebound with Rs 2.6 lakh crore gain | Shortify
- Summary: IT stocks surged 12% this week, adding Rs 2.60 lakh crore in market value after AI-linked stocks slumped. IT stocks gained Rs 2.60 lakh crore in market value…
- Keywords: it stocks, tcs, tech mahindra, wipro, nifty, ai stocks, q2 earnings, it index, money, business, stocks, rebound
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/from-worst-to-best-how-it-stocks-staged-a-rs-2-6-lakh-crore-revival-this-week/articleshow/134986472.cms
- Author: Veer Sharma
- Published: 2026-10-16T07:37:00+00:00
- Read time: 1 min
- Topics: it stocks, tcs, tech mahindra, wipro, nifty, ai stocks, q2 earnings, it index, money, business
## IT stocks rally
IT stocks added Rs 2.60 lakh crore in market value this week, rising 12% to become the best-performing index.
## Tech Mahindra leads gains
Tech Mahindra surged over 16% this week, followed by Wipro at 13% and TCS, Infosys, and HCL Tech each up 12%.
## AI stocks plunge
US stocks linked to AI fell, wiping out more than $1 trillion in market value from 20 top AI and semiconductor companies this week.
## OpenAI revenue drop
OpenAI reported September revenue near $50 billion, lower than its earlier $70 billion projection.
## TCS Q2 earnings
TCS reported 15% year-on-year growth in net profit at Rs 13,884 crore for Q2, with a second interim dividend of Rs 12 per share.
## Accenture growth forecast
Accenture CEO Julie Sweet said AI efficiencies won't outweigh new demand, with the consulting industry expected to grow.
## AI capital constraints
Broadcom and Intel warned AI expansion faces capital constraints, not semiconductor shortages, as investors reassess AI returns.
## South Korea market drop
South Korea's tech-heavy market plunged 6% on Tuesday as AI-linked stocks selloff deepened.
## Geojit strategist view
Geojit Investments' VK Vijayakumar said strong IT results and management commentary triggered IT index recovery.
## Mahindra Manulife outlook
Mahindra Manulife Mutual Fund's Krishna Sanghavi noted AI adoption pace remains key for Indian IT sector earnings growth.
## Lemonn Market desk view
Lemonn Market desk's Gaurav Garg warned of profit-booking and volatility after IT stocks sharp rally.
## Key takeaway

IT stocks gained Rs 2.60 lakh crore in market value this week as AI stocks fell, with Tech Mahindra up 16%.