Quarterly Results

Individually, Mphasis shares were up 3.15 per cent, followed by Infosys, Tech Mahindra, Persistent Systems, HCLTech, Oracle Financial Services Software, and LTIMindtree up over 2 per cent.

Nifty IT index: Today's rebound in IT stocks followed a sharp decline over the past six sessions, during which the index had lost 4.6 per cent

Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher

The Nifty IT index has lost over 19 per cent in CY26 as compared to a nearly 2 per cent dip in the Nifty 50 index during this period

The correction in the tech pack has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook

The correction in IT stocks has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook

Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.

Cyient, Birlasoft, Cigniti Technologies, eClerx Services and Tata Technologies were down between 4 per cent and 6 per cent in Friday's intra-day trade.

The Nifty IT index plummeted 5.9 per cent, the steepest intraday fall since April 7, 2025, with the fall led by Persistent Systems, LTIMindtree, and Infosys

Improved policy optics could encourage US enterprises to advance discretionary tech spending and GCC expansion, even though immediate revenue or margin acceleration for IT firms is unlikely.