IT stocks came under sharp selling pressure today after HCLTech's Q4 results and weak growth guidance.
Infosys Q4 preview: Sequentially, the profit after tax (PAT) of Infosys is expected to slip 1.5 per cent from ₹7,625 crore in Q3FY26
IT services company Infosys on Wednesday announced it has signed up seven-time Grand Slam Champion Carlos Alcaraz as its global brand ambassador. Further, Infosys - leveraging Infosys Topaz, an AI-first offering powered by generative and agentic AI technologies - will now work with Alcaraz and his coaching team to develop an AI-powered match analytics and a personalised performance application to aid match preparation and in-game strategy. Beyond the court, the partnership also extends to joint initiatives between Infosys and the Carlos Alcaraz Foundation, to leverage technology to drive social impact, focusing on tech-for-good initiatives. Overall, Infosys said, the collaboration is a convergence of excellence - the relentlessness and grit of a champion combined with the consistency and AI-powered innovation of an enterprise technology leader - celebrating the champion mindset across tennis and global businesses. "Infosys...today announced a multi-year partnership with the younges
Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent
Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent
Stocks to Watch today, April 8, 2026: Banks, Real estate, automobiles, Infosys, Aurobindo Pharma are some of the key stocks to watch today
All 10 constituents of the Nifty IT index were trading sharply higher. Mphasis, Wipro, Oracle Financial Services Software, HCL Tech, and TCS rose over 2 per cent each
Beyond $90/bbl is when the decline steepens and things worsen as inflation starts eating into savings, impacting spend that gets especially bad for consumer sectors, Bernstein said in a recent note.
IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance
Earlier in FY20, the benchmark Sensex tanked 23.8 per cent due to the outbreak of the Covid-19 pandemic, while the Nifty 50 crashed 26.03 per cent.
Infosys' acquisitions of Optimum Healthcare IT and Stratus Global strengthen AI-led capabilities, while sector valuations remain below historical averages amid ongoing correction
Nomura believes the above two acquisitions and Versent (which is pending closure due to regulatory approvals) could contribute 225 basis points (bps) to Infosys' revenue growth in FY27F
Deal strengthens Infosys' healthcare vertical and AI-led capabilities, adding clients, talent and consulting expertise in provider segment
Extend CEO tenure, recast roles, or name a successor - the 2027 call will shape the next decade
Accenture sees AI-led deal momentum, but analysts remain cautious on Indian IT stocks amid weak demand, macro risks, and uncertain growth outlook
Indian IT firms derive a major portion of revenue from the US market, making them sensitive to changes in interest rate expectations and inflation trends
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
IT services firms are pushing managers to deploy AI tools in client work to boost productivity, improve efficiency and drive revenue growth amid a prolonged demand slowdown
Infosys's stock price has corrected 25 per cent thus far in the calendar year 2026, as against 11.4 per cent fall in Nifty 50, on likely threat to revenue growth.
Analysts see the sharp correction in stock prices and dislocation in parts of the market as an opportunity for investors to review their portfolios and make appropriate changes.