Information Technology (IT) shares saw buying action in Wednesday’s trade (July 2, 2025), lending support to the headline indices in a tepid market. At around 11 am, the Nifty IT index was the top sectoral performer, with stocks like Infosys, Tata Consultancy Services, Wipro, Coforge and Mphasis among the top movers.

The index gained momentum amid the US President Donald Trump’s comments on a trade deal between the US and India that he said will likely be finalised soon with “much lower tariffs”.

Also, optimism around the upcoming earnings season that is to kickstart with IT bellwether -TCS is also driving sentiment.