According to the Nuvama report, the deflationary impulse from tariff-driven global slowdown is likely to hurt domestic cyclicals the most.
Shrikant Chouhan, head of equity research at Kotak Securities, is bullish on Coforge and M&M. Check target price, support and resistance levels here
Among individual stocks, Infosys, Wipro, Oracle Financial Services Software, and Mphasis shares rose 3 per cent each on Monday
However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.
According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis
Analysts noted that the central bank's move was more of a non-event for the markets, with uncertainty surrounding tariffs having a greater impact on investor sentiment
Even broader markets failed to trade in the green territory. The Nifty midcap 100 was trading at 58,954.15, down by 0.60 per cent.
Infosys shares fell despite analysts remaining positive after the company reported in-line first-quarter earnings
Coforge's consolidated revenue figure advanced 56.5 per cent to ₹3,688.6 crore in Q1FY26 as against ₹2,357.1 crore recorded in the first quarter of FY25.
Stocks to Watch today, July 24, 2025: Infosys, IndusInd Bank, BEML and Bajaj Housing Finance are some of the top stocks to watch today.