The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.
In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.
Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins
As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.
Indian IT firms hit their lowest Nifty 50 weight in over two decades as AI disruption fears and a sector-wide selloff erode market influence
In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.
The suit accused TCS of exploiting software access granted to Transamerica employees, who were transferred to TCS in a $2 billion deal
Tata had appealed after a lower court upheld a judge's decision to set the award at $56 million in compensatory damages and $112 million in punitive damages to Ashburn, Virginia-based DXC
TCS, which had already set aside $150 million for the case, said it will book a further $70 million towards damages, interest and legal costs as a one-time exceptional charge in the first quarter of 2
Tata Consultancy Services on Friday launched India's first Oracle AI Data Platform Lab and Centre of Excellence (CoE) here to help enterprises accelerate adoption of artificial intelligence and data-driven transformation. The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said. TCS said the lab will leverage Oracle AI Data Platform, which combines Oracle Cloud Infrastructure, Oracle Autonomous AI Database and OCI Enterprise AI, to help organisations make enterprise data AI-ready and deploy AI-powered applications and automation at scale. The IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years, a statement said. "The facility is designed to accelerate the journey from
IT services company will equip 50,000 employees with Claude AI as part of a deal to expand enterprise AI transformation
Analysts attributed the sustained weakness in the Nifty IT index to broad-based pressure in global technology stocks, cautious sentiment over slower US tech spending, and rising geopolitical tensions
IT services major Tata Consultancy Services (TCS) on Thursday announced a global partnership with AI major Anthropic to help customers scale enterprise artificial intelligence adoption. As part of the collaboration, TCS will set up a dedicated business unit focused on developing joint industry solutions and AI expertise on Anthropic's Claude family of AI models through early access. TCS will equip 50,000 of its associates across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing, the company said in a regulatory filing. "TCS and Anthropic will jointly go to market with AI solutions and services across industries, including highly regulated sectors, such as financial services, public services, life sciences, healthcare, aviation, telecom, and medtech. "Together, they will co-innovate solutions for domain-specific workflows, modernisation, and customer experience transformation, backed by TCS' consulting, engineering, and managed services
TCS Chairman N Chandrasekaran said the company could have as many AI agents as human employees within three years, driven by rising enterprise AI adoption and technology spending
The new Global Value & Innovation Centres unit will help enterprises set up AI-native GCCs and transform existing centres into innovation- and value-driven operations
The agreement will see TCS modernise and manage Canada Life's IT infrastructure across its European businesses, leveraging AI and digital capabilities to improve resilience and automation
Hitesh Rathi, technical analyst at Angel One says that IT stocks continue to trade with a negative bias on the charts, and are prone to further fall if they dip below the crucial support zones.
Thus far in the calendar year 2026, the market price of TCS tanked 33 per cent, as compared to 11.5 per cent fall in the Nifty 50.