Infosys, Coforge, MphasiS, TechM among shares in focus as NIFTY IT surges 1.3% on Aug 10; key details to know

The NIFTY IT index surged as much as 1.3% or 407.3 points to hit a three-month high of 31,955 during Monday’s trading session, compared with the closing of 31,547.70 on Friday, August 7.

At around 11:56 AM, the index was trading 0.53%, or 166.25points, higher at 31,713.95. From the benchmark sectoral index’s 10 constituents, seven were trading in the green zone, while only three declined, as per exchange data.

The NIFTY IT index has been seeing an uptrend since the second half of July, following robust earnings for the first quarter of the 2026-27 fiscal year (Q1 FY27).

Mainly, though, foreign portfolio investors (FPIs) turned net buyers in the IT sector in July for the first time in 2026, fuelling the current surge.

FPIs turn net buyers

As per NSDL data, FPIs purchased equities worth ₹3,298 crore in the IT sector in the second half of July, i.e., from July 16 to July 31. In the first half of the month (July 1-15), they invested ₹60 crore in the sector.

Since the beginning of 2026, the IT sector has seen a significant outflow of foreign investment. FIIs had sold equities worth ₹6,733 crore in June, ₹1,911 crore in May and ₹4,212 crore in April 2026.

Here is how IT stocks are performing today

LTM Ltd was the top gainer of the NIFTY IT index on Monday, August 10. Shares of LTM surged as much as 3% to hit an intraday high of ₹4,797.30 per unit on the National Stock Exchange (NSE), in comparison to the previous closing price of ₹4,658.10 apiece.

At the time of writing, it was trading 2.86% higher at ₹4,791.10. The scrip has gained 2% in the past week and more than 18% over the month. On a year-to-date (YTD) basis, however, it has fallen 22%.

The stock of Coforge, which was among the top winners in the index, advanced as much as 2.6% to reach the session’s peak of ₹1,822.60 per equity share, as against the closing price of ₹1,776 from Friday’s session.

At the time of writing, it stood at ₹1,802.80 apiece, up by 1.51%. It has grown 2% in the past week and 20% over the month. On a YTD basis, it has risen 9%.

Shares of Infosys jumped as much as 1.7% to hit an intraday high of ₹1,195 per unit on the NSE, compared with Friday’s closing price of ₹1,175.10 apiece.

At the time of writing, it was up by 1.12% to stand at ₹1,188.30. It has gained nearly 1% in the past week and 11% over the month. It has fallen 27% on a YTD basis.

The stock of MphasiS grew as much as 1.8% to touch the session’s peak of ₹2,518.70 per equity share on August 10, in contrast to the previous session’s closing price of ₹2,475 per unit.

At the time of writing, it was trading 1.62% higher at ₹2,515 apiece. The shares have climbed 3% in the past week and 8% over the month. However, on a YTD basis, it has declined 11%.