Last Updated:October 23, 2025, 15:57 IST

IT Stocks Today: Infosys surges by nearly 4%, HCL Tech is up by 2.8%, Tech Mahindra rises 1.97%, and TCS gains 1.2%.

Know why IT shares are rising today.

IT companies were the top performers in the Indian stock markets today amid hopes of an early India-US trade deal and increased buying on the back of valuation comfort. Infosys surged by nearly 4%, HCL Tech was up by 2.8%, Tech Mahindra rose 1.97%, and TCS gained 1.2%.

Among the midcap IT companies, MPhasis jumped 2.44%, Persistent was up by 1.96%, and Coforge rose 1.5%.

US President Donald Trump said he spoke with Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. “We talked about a lot of things, but mostly the world of trade,” Trump told reporters in the Oval Office. Trump added that energy was also part of the discussion, saying Modi assured him that India would be limiting its oil purchases from Russia.

According to Mint citing three people aware of the matter, the India-US trade deal is expected to reduce American tariffs on Indian imports to 15% to 16% from 50%.

Why Is Infosys Top Gainer Today?

Promoters and members of the promoter group of Infosys Ltd, including its iconic founders N.R. Narayana Murthy, Sudha Murty, and Nandan Nilekani, have chosen not to participate in the company’s Rs 18,000-crore share buyback programme. The IT major informed stock exchanges about their decision on Wednesday, October 22.

As per the company’s exchange filing, “In this regard, the Promoter and Promoter Group of the Company have expressed their intention of not participating in the Buyback vide their letters dated September 14, 2025, September 16, 2025, September 17, 2025, September 18, 2025 and September 19, 2025.”

The decision of Infosys’ promoters and co-founders to stay away from the Rs 18,000-crore buyback indicates that they are not looking to reduce their long-term stake in the company. It reflects confidence in Infosys’ growth prospects and financial stability, as promoters typically refrain from tendering shares when they believe in the company’s future value. However, their non-participation will slightly increase their relative ownership percentage once the buyback is completed, since the total number of outstanding shares will decrease.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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The global economy is slowing down and trade dynamics are undergoing a change.At a time like this, India needs to evaluate its export strategies, with focus on long-term competitiveness through technology, cost efficiency, and domestic production, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) explainedSpeaking to ANI, Srivastava said, “The focus should be on lowering production costs, simplifying regulations, and accelerating ease of doing business especially in logistics, compliance, and taxation.” He also highlighted the need for a dual approach, which combines foreign technology partnerships with investment in reverse engineering and product localisation.Referring to the electronics, machinery and digital technology sector, the GTRI chief said, “What India consumes, it must also be able to make and export.” Meanwhile, on the international trade front, negotiations with the US are advancing well, even though no official announcement has been made.India is also quietly reviewing sectoral risks and preparing to mitigate potential disruptions by diversifying trade away from the US and boosting domestic capabilities.Regarding Europe, Srivastava confirmed that the India-UK free trade agreement has been signed and is pending ratification in the British Parliament. “(The EU deal) is in an advanced stage of negotiation, with most chapters close to closure,” he said, adding that both agreements are expected to open new markets, strengthen investor confidence, and integrate supply chains with Europe.Global financial trends are another key factor for India. “When the Fed raises rates, money tends to flow back to the US, putting pressure on the rupee, widening the current account deficit, and tightening liquidity,” Srivastava warned. He stressed that careful macroeconomic management and strong domestic growth drivers will be critical to managing currency volatility while sustaining exports.On the question of India staying out of trade blocs like RCEP and CPTPP, Srivastava said the country is not at a disadvantage. “Nearly 80% of global trade still takes place at non-preferential tariff rates. Rather than rushing to join every bloc, India should focus on improving export competitiveness, logistics efficiency, and ease of doing business.”“India, rather than waiting for global stability, should use this ‘no-rules’ phase to rebuild the foundations of competitiveness across industry, agriculture, and services,” he said. Investments in green and digital technologies, large-scale manufacturing, and secure supply chains are key, he added.On addressing the trade deficit with China, he said India needs “large-scale reverse engineering, technology adaptation, and supply chain localisation” in sectors like electronics, machinery, and chemicals. “Over time, such capability-building will not only narrow the trade gap but also make India a credible global supplier,” he said.He concluded by urging coordinated action from both government and industry. “The government must provide a stable trade policy, faster clearances, and targeted incentives,” he said. “The private sector, in turn, should invest in R&D, design, branding, and technology partnerships to create globally competitive products.”“In a slower, more fragmented global economy, the winners will be those who build resilience at home while shaping trade on their own terms,” Srivastava said.