Nifty IT rallies as Coforge surges 10%; TCS, Mphasis gain

The Nifty IT index rallied as all 10 constituents ended higher, led by Coforge, which surged over 10% after strong Q1 FY27 results and a robust order book. TCS and Mphasis also advanced on positive business outlooks. Improved earnings visibility and limited exposure to AI infrastructure spending supported investor sentiment across the sector.