Nifty IT surges 5.2% to log biggest single-day gain in 17 months

Indian IT stocks surged on Thursday, with the Nifty IT index rising by 5.2%, marking its largest gain in 17 months. HCL Technologies' strong earnings report for the September quarter drove the gains, with all 10 components of the index ending higher. Concerns over artificial intelligence adoption and a stronger dollar provided a boost to investor sentiment.