# TCS Leads IT Rally as F&O Data Shows Short Covering

2026-08-06T14:18:04+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

TCS shares led a rally in IT stocks, while rising futures prices and falling open interest indicated short covering in TCS, Infosys and HCLTech, NDTV Profit reports. Tech Mahindra saw fresh long buildup, according to the report. Separate options data showed heavy activity at key levels. Wipro recorded a sharp build-up in call open interest at Rs 200, while TCS interest centred on Rs 2,500. Infosys saw heavy unwinding of calls at Rs 1,200. The data did not include related price outcomes or wider market commentary.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/it-stocks-f-o-check-wipro-calls-surge-tcs-faces-2-500-hurdle-what-infosys-options-signal-11872781>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/tcs-shares-lead-it-stocks-rally-infosys-see-short-covering-traders-build-fresh-tech-mahindra-longs-what-f-o-data-shows-11877672>

Tags: Infosys, options, stock market, TCS, Wipro
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