# The Nifty IT index climbed 1.2% to around 28,049, emerging as the only sectoral index trading in the green.

*business · news · 2026-05-18 · The Economic Times*

## Key points

- Oracle Financial Services Software was the top gainer in IT stocks, rising over 3% on Monday.
- The Nifty IT index climbed 1.2% despite broader market declines and reached 28,049 points.
- Rupee dropped to a record low of 96.18 against the US dollar, aiding IT profit outlook.
- Nifty IT index has plunged 12% in one month, with major IT stocks hitting 52-week lows last week.
- Investor optimism in IT is partly driven by anticipated Nvidia earnings and rupee depreciation benefits.

**Companies:** Infosys, Oracle Financial Services Software, LTIMindtree, Coforge, Tech Mahindra, Mphasis, Persistent Systems, Tata Consultancy Services, HCL Technologies
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/infosys-ofss-techm-other-it-stocks-gain-up-to-3-despite-weak-market-sentiment-heres-why/articleshow/131169160.cms)

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