On October 1, Infosys rose 8.97% in regular trading, trading at $11.7215/share, with turnover of $90.47 million. The rally was driven by the announcement of a strategic collaboration with Columbia University to advance enterprise AI research and adoption.

According to the announcement, Infosys will establish the Infosys Topaz-Columbia University Enterprise AI Center in New York City, focusing on generative and agentic AI research. The initiative will explore AI-first business processes, responsible and sustainable AI, and AI-driven marketing, while facilitating research collaborations and co-innovation sessions with clients across industries.

The Columbia partnership follows a series of recent strategic deals reinforcing Infosys' AI-centric growth narrative. The company also expanded its collaboration with ABN AMRO Bank to accelerate the Dutch lender's AI-driven digital transformation, deploying its Topaz platform to embed AI across the bank's technology operations. Earlier, Infosys signed a long-term IT transformation agreement with Knorr-Bremse, also leveraging Topaz for AI automation.

Within the IT Consulting & Other Services sector, the broader group rallied sharply, with Accenture up 22.06%, Cognizant up 11.37%, EPAM Systems up 10.90%, Gartner up 6.95%, and IBM up 4.86%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)