TCS-partnered marathons accounted for 53 per cent of the $6 billion economic impact and 73 per cent of charitable fundraising by the world's top 50 marathons in 2025
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.
Hiring gains reflect fresher intake and selective skills requirements, with experts warning that AI-led shifts and subdued demand continue to weigh on jobs
TCS stock price rallied 5% to ₹2,624.75 in Friday's intraday deals, bouncing back 33% from its 52-week low of ₹1,976 hit on July 1, 2026.
BFSI demand and rising AI revenue helped Indian IT firms withstand weak growth in Q2FY27, with Tech Mahindra standing out, although analysts caution that a broader recovery remains elusive
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.
This comes as AI sell-off drives investors towards the country's software firms
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.
Market experts attribute the rally to a combination of earnings resilience, value buying after a prolonged correction, and a possible rotation of funds away from AI-linked technology stocks.
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.
As much as 80 per cent of TCS' new hires will be talent with digital and Artificial Intelligence (AI) skills going forward, a top company official has said. With the share of AI-led work in overall revenue growing to 10 per cent in the recently concluded September quarter, the country's largest IT services company said a growth in the share of AI revenues will help it expand its profit margins, which remain below its aspirational levels. "Of the 4,500 that we have added in Q2, I would say safely 25 to 30 per cent are pure AI and total about 80 per cent is new age," the company's chief operating officer Arathi Subramanian told PTI here. When asked if the same proportion will continue going ahead as well, she replied in the affirmative and added that the desired talent is available in the market. When asked if it is advantage for freshers over the mid-career professionals in this sort environment, where their AI-nativity and relatively lower costs would be of help to the former, she
Aarthi Subramanian, executive director, president & chief operating officer, TCS talks about the company's AI journey and Tata Sons board tussle, among other issues
Employees in C3A grade and above will receive no quarterly variable allowance this quarter, while junior-level staff will get 100 per cent of their eligible pay, an internal memo said
Better-than-expected Q2 earnings and attractive valuations boost IT stocks, even as AI headwinds and US labour curbs remain concerns
Nifty gains 289 points; Nifty Oil & Gas the lone sectoral index in the red
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
TCS reported a net profit of ₹13,884 crore for Q2FY27, up 14.9 per cent year-on-year from ₹12,075 crore in Q2FY26. Revenue for the company grew 11.2 per cent in reported terms at ₹73,188 crore
Hitesh Tailor, technical analyst at Choice Broking flags that the TCS stock trades below key EMAs on the daily and weekly charts, and expects strong resistance between ₹2,250-2,330 levels.
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.