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In a dynamic morning session, the stock market rallied as investors flocked to IT stocks following Tata Consultancy Services' robust earnings announcement. TCS's stellar performance, marked by an 8.7% rise in net profit for the June quarter, sparked optimism and propelled the Sensex up by 226.11 points and the Nifty by 82.1 points. This surge underscores the sector's resilience and sets a positive tone for future market movements.
In recent trading sessions, Wipro Ltd has demonstrated robust performance, recording a 0.67% increase and marking its fifth consecutive session of gains. With a remarkable 36.84% surge over the past year, Wipro has outpaced both the broader market indices—NIFTY and Nifty IT. This strong momentum reflects investor confidence amidst the company's strategic focus on digital transformation and expanding its footprint in the competitive IT landscape.