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IT Stocks Today: Indian IT stocks are back in focus after Accenture reported strong quarterly results and upbeat commentary on artificial intelligence (AI). The numbers and guidance have revived optimism in the sector, even as global brokerages remain selective on the medium-term outlook.

At 10:45 am, IT stocks were trading higher, with the Nifty IT index up 0.58 per cent at 38,858.25 and the BSE Focused IT index rising 0.72 per cent to 45,503.37.

Among individual stocks, Tata Elxsi jumped 5.11 per cent, while Infosys gained 1.44 per cent, TCS rose 1.06 per cent, and Wipro advanced 0.63 per cent.

Mid-cap IT names such as Persistent Systems and Mphasis added 0.54 per cent each, while Coforge edged up 0.16 per cent and Tech Mahindra was marginally higher by 0.06 per cent.

On the downside, HCL Technologies slipped 0.68 per cent, and LTIMindtree declined 1.38 per cent, underperforming the broader IT pack.

Market expert Anil Singhvi highlighted that IT has become the “talk of the town” following Accenture’s results. He said the most important takeaway from Accenture’s commentary is its clarity on AI-led business growth.

According to Singhvi, investors have been uncertain about whether AI will actually translate into meaningful revenue and volume growth for IT companies. Accenture’s strong AI commentary has helped reduce that concern.

Singhvi pointed out that Accenture’s confidence around AI has already been reflected in market sentiment, with Infosys ADRs rising over 5 per cent.

He also noted that Indian IT stocks are benefiting from a weaker rupee, which supports margins for export-heavy companies. While the rupee has seen some short-term recovery, Singhvi believes the broader trend remains weak, which is positive for IT exporters.

He added that another supportive factor is the global tech sentiment. Although volatility remains, any revival or stability in US tech indices like the Nasdaq can act as a tailwind for Indian IT stocks. “At this point, there are three positives for IT—AI optimism, currency support, and global tech cues,” Singhvi said.

His preference within large-cap IT includes Infosys and Wipro, while in mid-caps, he suggested names like Persistent Systems, depending on investor comfort.

Accenture’s own performance added substance to the optimism. The company reported 6 per cent year-on-year revenue growth to USD 18.7 billion for the September–November quarter of FY26, at the top end of its guidance.

Notably, advanced AI bookings jumped 76 per cent YoY to USD 2.2 billion, while AI revenues surged 120 per cent YoY to USD 1.1 billion, highlighting strong traction in this segment.

However, global brokerage Jefferies struck a more cautious tone. While acknowledging Accenture’s steady growth guidance, Jefferies said discretionary spending remains limited, despite an increase in GenAI-related projects.

According to the brokerage, these projects are not yet large enough to drive a meaningful rise in overall IT services budgets.

Jefferies also flagged downside risks to consensus expectations of growth acceleration in FY27 for Indian IT companies. As a result, it expects limited scope for valuation (PE) expansion and advises investors to maintain a selective stance on IT stocks.