Tech Stocks Surge June 2025: The tech stocks are on a roll today. The list of tech sector stocks is up over 2%, and the basket of tech stocks, the Nifty IT Index, is hovering around the day’s high. The Nifty IT Index is up 2%, almost as much as some of the key stocks that are up 3%. All the constituents of the index were trading in the green. Coforge topped the chart, followed by Persistent Systems, Tech Mahindra, Oracle Financial Services, and many others. Tech Stocks Surge June 2025:The tech stocks are on a roll today. The list of tech sector stocks is up over 2%, and the basket of tech stocks, the Nifty IT Index, is hovering around the day’s high. The Nifty IT Index is up 2%, almost as much as some of the key stocks that are up 3%. All the constituents of the index were trading in the green. Coforge topped the chart, followed by Persistent Systems, Tech Mahindra, Oracle Financial Services, and many others.
In intra-day trade, Coforge’s share price surged 5.6% to a high of Rs 1,895 on the National Stock Exchange. The share price of Persistent Systems rose 3.2% to an intra-day high of Rs 5,980, while that of Tech Mahindra’s stock price moved up 2.5% to a high of Rs 1,619.
Nifty IT Index: Performance in 2025
The Nifty IT has risen 4.7% in the past five sessions. The Index has delivered 11.65% in the last one year.. However, if we see the performance in 2025 so far, the Nifty IT Index is down nearly 10% as a result of the ongoing uncertainty with regard to Trump tariff and a weak dollar.
Three reasons why Tech stocks are surging today
The overall positive sentiment in the market is seeing a rub-off impact on the tech sector as well. The Nifty has been in a consolidation mode, and there are expectations of a breakout. Here are three top triggers-
1. US-China trade talks
The trade talks between the United States and China resumed in London. The world’s two largest economies had months of tariff tension and diplomatic concerns. Both countries will be talking over the curb of rare earth exports, visas for Chinese students, and other related matters.
Last week, US President Donald Trump and Chinese President Xi Jinping had a phone call ahead of the meeting, which paved the way for a potential breakthrough.
Also, last month in Geneva, a temporary truce was agreed upon by both countries, resulting in a 90-day suspension of the tariffs that they had imposed on each other.
Apart from that, the dollar has been steady, looking for cues from the high-level meeting of the two countries. The move of the dollar in either direction will decide the fate of tech stocks.
2. State of US Economy, dollar
Given the weak outlook of the deal pipeline for FY26, the state of US economy continues to be a key trigger for the technology stocks. The fact that China and US are talking has kindled hopes of a some kind of resolution. Improvement in the jobs data, the dollar staying stable, and the continued buying by FIIs remain as positive news supporting sentiment for the tech stocks.
3. IT in the list of 5 sectors with maximum FII holding
A recent report by JM Financial indicates that the BFSI, IT, Oil & Gas, Auto and Pharma remained the top 5 sectors wherein FIIs held equities in India. These 5 sectors in themselves add up to 60% of foreign institutional investors (FII) assets in India.. Though the IT remained flat, investors took support from the fact that there hasn’t been significant selling either. FII holding in IT services (the second highest) stood at 8.2%. As per JM Financial, “While FIIs continued to remain net sellers of IT Services equities in May, the quantum of selling has reduced sharply Vs April.”