ITAfter close

IT index rises nearly 2% as US shutdown hopes boost sentiment

10 Nov 2025 · 16:19 ISTafter close1 source ↓written by the desknot a recommendation

on 10 Nov: 2%
reaching: 35,760.60
decline from 30: 2.7%
rise earlier: 7%

The Nifty IT index surged nearly 2% on 10 Nov, reaching 35,760.60, ending a six-day losing streak. Investor sentiment improved amid hopes for a resolution to the US government shutdown, prompting value-buying after a 2.7% decline from 30 Oct to 7 Nov. This rebound follows a 7% rise earlier in October due to strong Q2 results.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Nov 2025, 16:19 IST.

Sourcesnews.google.com

1 OctAvalon Technologies promoters divest 6% stake worth ₹871 croreMediumAvalon Technologies experienced a bulk deal where promoters divested 6% stake worth ₹871 crore. Kotak Mahindra Mutual Fund purchased 24.02 lakh shares at ₹2,171 each, impacting market sentiment as the stock closed at ₹2,294.50, down 0.49%.
30 SeptSTL Networks shares rise 5% on RailTel contract winHighSTL Networks shares rose 5% to ₹51.93 after the company emerged as the lowest bidder for a ₹250 crore contract with RailTel Corporation. The contract involves deploying cloud infrastructure solutions at RailTel's data center, potentially boosting STL's revenue.
30 SeptAurum PropTech allocates shares for Locon Solutions acquisitionHighAurum PropTech issued 1.98 crore shares to REA India at ₹231.42 each, completing a ₹458.06 crore acquisition of Locon Solutions, owner of Housing.com. This increases REA India's shareholding to 24.90%, enhancing its strategic role in Aurum.
30 SeptIndian indices close lower amid global volatilityMediumIndian equity benchmarks Sensex and Nifty50 closed lower for the second day, down 242 points (0.3%) and 64 points (0.2%) respectively, driven by high oil prices and global bond yield volatility. Kotak Mahindra and Tata Steel were among the top gainers.
29 SeptADC India downgraded to hold amid valuation concernsMediumADC India Communications has been downgraded to hold due to mixed technicals and expensive valuation. The company reported record Q1 FY26-27 net sales of ₹6,342 cr and a PBDIT of ₹1,085 cr, but faces limited institutional interest.
29 SeptIndia commits $25 billion for Deep Tech investmentsHighIndia plans to invest $25 billion in Deep Tech to enhance its technology sector and reduce reliance on foreign tech. The government will contribute $11 billion, with additional funding from private equity, highlighting the urgency amid rising geopolitical tensions.

IT index rises nearly 2% as US shutdown hopes boost sentiment

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