Thus far in the month of October, the BSE IT index rallied 14.4% while it surged 14.7% in July 2026. Earlier in July 2020, the IT index soared 22.6%, data shows.
Till Tuesday in October 2026, the Nifty IT index outperformed the market and rallied 12%, compared to 0.05% decline in the Nifty 50.
Brokerages turn cautious as Infosys' reduced FY27 sales guidance raises concerns over demand recovery and AI-led disruption
So far this year, Infosys shares remain 31 per cent lower amid a selloff in traditional IT services companies on AI-led deflation fears.
Stocks to watch today: Tata Consumer, Paytm, ITC Hotels and APL Apollo Tubes are among the key companies slated to announce their Q2 results today.
Hiring gains reflect fresher intake and selective skills requirements, with experts warning that AI-led shifts and subdued demand continue to weigh on jobs
The company said it expected revenues to grow 1-2 per cent in constant currency, down from the 1.5-3 per cent it expected three months ago
Q2FY27 company results: Firms including JSW Steel, Jindal Steel, Bharat Petroleum Corporation, Dr Reddys Laboratories, and Shriram Finance are also to release their July-September earnings today
Infosys Q2 results preview: Brokerages said that the Street will watch for a possible revision in FY27 revenue growth guidance.
Thus far in October, the Nifty IT index has rallied 16% as TCS, Tech Mahindra, Wipro, Infosys and Mphasis surged in the range of 18-23% amid Q2 earnings cheer.
At 10:12 AM on Friday, the Nifty IT index was the top sectoral gainer, up 2.8%. Tech Mahindra, Wipro, Infosys and TCS surged up to 7% amid Q2 earnings cheer.
India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector
Infosys Finacle is using AI to reduce sales process time by 60-70 per cent, while deploying multiple language models to improve banking efficiency and control costs
In the past four trading days, Nifty IT index outperformed the market by gaining 5.6% as against a 1.2% rise in the Nifty 50.
Indian IT firms have sharply reduced PERM filings and expanded local hiring in the US, with analysts expecting a limited industry impact from the programme's suspension
IT stocks: All index constituents traded in the green, buoying the 10-stock Nifty IT 3.13 per cent to 28,604 during the intraday session.
Stocks to watch today: Anand Rathi, Canara Robeco, Can Fin Homes, and Poonawalla Fincorp are among the companies slated to post their Q2 results today.
Nifty slides 1.64% as rising crude prices, higher US Treasury yields and geopolitical tensions trigger broad-based selling
IT shares: Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making.
IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts