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Jan 10 Reuters Shares of India39;s Tata Consultancy Services rose 6 on Friday, set for the best day since July, as investors overlooked the company39;s tepid performance in North America and focused on the CEO39;s remarks signalling a potential revival in demand.

We see more confidence in discretionary programmes as clients were taking lesser time to sign deals, CEO K Krithivasan told reporters in a postearnings press conference on Thursday.

Krithivasan also expressed confidence that Donald Trump, set to be inaugurated as the next U.S. President later this month, would help restore client confidence and boost discretionary spending in North America.

After years of cautious and uncertaintyladen commentary from sector bellwethers, TCS seeing early signs of discretionary spending revival is boosting sentiment in other IT firms as well, said S Krishnakumar, director at a consulting firm Lion Hill Capital.

In addition to the economic strength and political stability under Trump in the U.S., signs of a revival in discretionary spending indicate increased spending by corporate America, which bodes well for IT companies, Krishnakumar said.

The surge in TCS, India39;s top software services exporter, lifted sentiment for competitors such as Infosys, HCLTech,…