Indian firms cut fresh visa registrations as extensions, transfers, and local hiring gain ground
IT stocks in demand: Tata Consultancy Services (TCS), Tech Mahindra, LTM, HCL Technologies and Mphasis gain 3 per cent each in intra-day deals on Friday.
Nilekani said large companies would likely become "net job losers" as AI automates routine tasks, while employment would increasingly come from small firms
The IT services company will manage end-to-end IT operations across Metsä Group's global business, including cloud, applications, workplace services and service desk support.
Ajit Mishra of Religare Broking explains that stock prices were seeing adjustments following a variation in behaviour during the closing auction session on the BSE and NSE on Monday.
Infosys' revenue recorded a compound annual growth rate (CAGR) of 30.3 per cent during N R Narayana Murthy's period between financial year 1992-93 (FY93) and FY02
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
Technology stocks witnessed some profit-taking on Friday following a 19% rally in the Nifty IT index this July.
The Nifty IT index rebounded over 21 per cent after hitting its 52-week low of 25,699.10 on July 1, 2026.
The divergence suggests investors are growing weary of the AI-driven rally in chip stocks, while renewing interest in India's IT services firms after a years-long slump
The NSE Nifty 50 index has been quoting below its long-term 200-day moving average since February 27, 2026.
Thus far in the month of July, the Nifty IT index rallied 15 per cent, as compared to 0.6 per cent rise in the Nifty 50.
The sharp gains in IT stocks today follow easing valuations, a decent Q1 show, and an improving outlook after a sharp selloff this year.
As long as we have corporate leaders who understand the power of AI and ensure that their employees are well trained, I do not see any problem, says Infosys cofounder N R Narayana Murthy
Infosys reported a 12.2 per cent increase in net profit for the first quarter to ₹7,769 crore on a year-on-year basis. Revenue for the quarter was up 14 per cent to ₹48,211 crore.
Laxmikant Shukla, technical analyst at YES Securities maintains a constructive view on HCL Tech, Tech Mahindra and TCS, and predicts up to 14 per cent upside for these stocks.
The Infosys veteran will take over as chief executive officer and managing director from April 1, 2027, after Salil Parekh completes his second term at the IT major
Infy trims FY27 revenue guidance
Q1 results updates: Firms including Coromandel International, Mphasis, Chennai Petroleum Corporation, and Motilal Oswal Financial Services are also to release their April-June earnings today
Infosys Q1 results expectations: Brokerages expect Infosys to maintain its guidance range of 2-3.5 per cent Y-o-Y CC growth for FY27E.