Infosys, TCS, HCL Tech, other IT stocks rally up to 3%. 2 major reasons why

Indian IT stocks saw gains on Friday, led by Tech Mahindra's better-than-expected first quarter results. Infosys and HCL Tech also advanced, with HCL Tech securing a significant seven-year deal. Wipro shares declined more than three percent after reporting weak first-quarter performance. (…)