Nifty IT Jumps 2.32% as Large Caps Lead the Rally

MarketPulse summary: Nifty IT rose 2.32% (740.50 points) to 32,606.90. Across 124 listed IT stocks, 34 advanced and 89 declined.

📊 Key Numbers

🎯 What Happened

The Nifty IT index rallied 2.32% to 32,606.9 on 30 Oct 2026, even as most technology stocks in the wider market declined. The index gained 740.5 points from its previous close of 31,866.4, but the headline masked a sharp divide between heavyweight companies and the rest of the industry.

Across the 124 NSE-listed companies in this industry group, only 34 advanced while 89 declined and one remained unchanged. That produced a breadth score of -44.4, signalling that falling stocks heavily outnumbered gainers. The median stock slipped 2.33%, meaning a typical company in the group lost ground despite the index’s rise. Smaller stocks averaged a 2.31% decline, while the ten largest companies by market capitalisation averaged a 2.12% gain. The market-cap-weighted change of 1.31% further shows how larger companies carried the day.

Quick Heal Technologies led the gainers with a 12.92% jump. Wipro rose 4.32%, Coforge added 4.23%, Empower India gained 4.2% and NINtec Systems advanced 4.05%. At the other end, Intellect Design Arena plunged 16.31%, Sasken Technologies fell 9.99%, Genesys International Corporation dropped 9.4%, Subex lost 7.95% and Orchasp declined 7.69%.

For retail investors, the contrast matters: an index gain did not translate into broad-based strength across technology shares. The next session’s data will show whether advances spread beyond the large caps, whether the median stock recovers, and whether the steep losses in the weakest names persist. Watching the index around 32,606.9 alongside advances, declines and the gap between large and smaller stocks will reveal whether the rally is widening or remains concentrated.

🏢 Large Caps vs Smaller Stocks

🚀 Top Gainers

📉 Top Losers

Stock universe: all 124 NSE-listed IT companies with a price today, not only the official index constituents.

Data from NSE and public market sources, compiled automatically by MarketPulse. Figures may be delayed or revised. This is not investment advice.