Archive · 28 Aug 2026
Nifty IT Surges 3% After Nvidia Reports Strong Results
Indian technology stocks rose after Nvidia announced very strong financial results.
The Nifty IT index went up by 3%.
Shares of TCS, Infosys, LTM and HCLTech also climbed.
Nvidia makes technology used to build artificial intelligence systems.
Its revenue grew 106% from the same period a year earlier, reaching $96.2 billion.
Its profit more than doubled to $59.7 billion.
Analysts said these results showed that demand for AI technology remains strong.
This improved global investor sentiment toward technology companies, including those in India.
The Nifty IT index surged 3% after Nvidia reported stronger-than-expected second-quarter results.
Shares of TCS, Infosys, LTM and HCLTech climbed alongside the broader IT sector.
Nvidia’s second-quarter fiscal 2027 revenue rose 106% year over year to $96.2 billion.
Nvidia’s net income more than doubled to $59.7 billion, while diluted GAAP EPS increased 128% to $2.46.
Analysts said Nvidia’s performance renewed optimism about the durability of the AI boom and supported Indian IT stocks.
- Who
- Nvidia, Indian IT companies including TCS, Infosys, LTM and HCLTech, and market analysts Devarsh Vakil and Ponmudi R.
- What
- The Nifty IT index rose 3% as Indian IT shares gained following Nvidia’s strong earnings and outlook.
- When
- After Nvidia reported its second-quarter fiscal 2027 results.
- Where
- The Indian IT stock market and the global technology market.
- Why
- Nvidia’s results exceeded expectations and renewed confidence in continued demand for AI-related computing infrastructure.
- Nifty IT move
- The index surged 3%.
- Companies mentioned
- TCS, Infosys, LTM and HCLTech shares climbed.
- Nvidia revenue
- Second-quarter fiscal 2027 revenue increased 106% year over year to $96.2 billion.
- Nvidia net income
- Net income more than doubled to $59.7 billion.
- Nvidia diluted EPS
- GAAP diluted earnings per share rose 128% year over year to $2.46.
- Growth driver
- Demand for computing infrastructure used in artificial intelligence supported Nvidia’s growth.
- Market rationale
- Analysts linked the gains in Indian IT stocks to renewed optimism about AI and positive global technology sentiment.