Stocks to Watch today, March 11: TVS Supply Chain, HG Infra, Waaree Renewable Technologies, Hindustan Zinc, and Bank of Baroda are among the top stocks to remain in focus today
Thus far in the calendar year 2026, TCS's market price plunged 23 per cent, as against 7.4 per cent decline in Nifty 50, data shows. The NIfty IT index lost over 1 per cent in trade on Tuesday.
With AI concerns continuing to put pressure on Indian IT stocks, analysts at HSBC expect Infosys and HCLTech's FY27 guidance could be the key catalyst for the sector
Within the Nifty 500, 14 stocks, including AWL Agri, LTIMindtree, Wipro, CoForge and IRFC were trading with a RSI reading below 20; technically the oversold threshold for the RSI parameter is 30.
Any impact on the oil infrastructure in case of a prolonged war could see the Nifty drop to 23,500 - 23,700 levels," says U R Bhat, co-founder & director of Alphaniti Fintech.
IT stocks outperformed the market on Wednesday as rupee breached the 92 per dollar-mark. Shares of Infosys, TCS, HCL Tech gained amid the market crash
Emkay Global has turned 'Overweight' on Indian IT sector after Nifty IT fell 21 per cent in February 2026. It sees a 3-year return potential of up to 25 per cent with limited downside.
Earlier this week, Jefferies downgraded Indian IT companies Infosys, HCLTech and MphasiS to 'hold'; LTIMindtree, TCS and Hexaware to 'underperform'.
The IT index decline gathered pace after it broke down from a Head and Shoulders pattern on the weekly chart - a classic signal of a structural trend reversal, explains Sachin Gupta of Choice Broking.
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
According to the shareholding pattern of top Indian IT companies, FIIs have trimmed their stake over the last one year amid growing fear that AI is causing significant disruption
The global research and broking house has cut their earnings estimates by 1-4 per cent across IT firms and expects 6 per cent earnings CAGR over FY26-28.
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
Anand James of Geojit Investments reckons that the momentum oscillators for Infosys are yet to show signs of full reversal, and flags key support for the stock around ₹1,340 levels.
Nandan Nilekani said that AI capability might race ahead of enterprise needs, creating both risks and opportunities for those who can execute effectively
At Infosys' Investor AI Day, Nandan Nilekani said AI's opportunity is larger than ever but enterprises face an execution gap, needing legacy overhaul, workforce reskilling and new operating models
Infosys on Tuesday announced a strategic collaboration with American artificial intelligence company Anthropic to develop and deploy advanced enterprise AI solutions for companies across telecommunications, financial services, manufacturing, and software development. The partnership will launch in telecommunication sector a dedicated Anthropic Center of Excellence to build and deploy AI agents tailored to industry-specific operations, before expanding into other regulated sectors, Infosys said in a statement. "The collaboration reflects a shared commitment to ensuring AI drives real transformational value, not just efficiency gains," it said. At the core of the collaboration is the integration of Anthropic's Claude models, including Claude Code, with Infosys Topaz AI offerings. The companies aim to help enterprises automate complex workflows, accelerate software delivery and adopt AI with governance and transparency suited to regulated environments. A key focus will be agentic AI -
Artifical Intelligence is rewriting the grammar of software development. And writing codes will no longer be the central role for tech professionals, Infosys co-founder Nandan Nilekani said Tuesday. AI, he said, is being adopted faster than any previous technological transition, from the internet to smartphones, and is poised to fundamentally reshape how businesses operate. "Talent will have to deal with a world where writing code will not be the goal. It'll actually be making AI work, orchestration, and those kinds of things," Nilekani said at Infosys' Investor Day. "Customer journeys, operating models, and mental models all have to change. Every enterprise must rethink how it operates." While coding may end, new jobs will be created. The talent transformation is huge, he said adding there will be a need for AI engineers, forward deployment engineers, forensic analysts - roles that didn't exist a few years ago. Greenfield coding productivity is not the real challenge. The real w
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
Improved variable pay for December quarter follows steady revenue momentum and deal wins, lifting employee sentiment even as technology stocks face pressure over automation concerns