Financial services firms were big users of India-based technology support firms. It was never clear exactly how the turmoil on Wall Street would affect outsourcers, but some think the slow recovery is starting to benefit some firms.

Tata Consultancy's stock has surged on news that Citigroup seems to be interested in utilizing more of its services, Bloomberg reports. JPMorgan Chase & Co. and Bank of America were also sizing it up, the firm announced.

Both Tata and Infosys seem to be signaling rising order from Wall Street firms. Indeed, their big customers may be looking to shave costs by outsourcing more, which could benefit domestic outsourcing players as well. One example: IBM beat expectations recently and hiked its full-year guidance. 

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