The IT software sector spearheaded the market’s upside, with the Nifty IT index surging nearly 4.00%. Tech Mahindra jumped 8.48% after reporting a 32.7% YoY surge in Q2 net profit to ₹1,585.6 crore and improving EBIT margins to 14.75%. Sector peers TCS (+4.89%) and Infosys (+4.61%) extended their post-earnings rally on robust multi-vertical order book visibility.
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