Analysts anticipate a stronger growth recovery for IT sector in FY27 compared to FY26, driven by an improvement in demand, more stable macro conditions, increased budgetary spending and deal ramp-ups.
IT companies are projected to report subdued growth in the third quarter of FY26, as ongoing pressure on discretionary spending continues to impact the sector
Since September 30, the Nifty IT index has outperformed the market by surging 6.4 pee cent as compared to a 4-per cent rise in the Nifty 50 index
Another silver lining for the companies and the markets, analysts said, is the falling dependence on the H-1B visa in the last few years.
The Nifty IT Index has underperformed the broader markets in the last 3 months and 6 months, owing to macro uncertainties
The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent
Oracle Financial Services Software shares rose 2.3 per cent in trade after the company posted its Q1FY26 results