The Nasdaq IT services basket has corrected meaningfully, dragging Indian IT ADRs lower and triggering a risk-off sentiment that has spilled into domestic markets, said ICICI Securities.
Over the past two trading sessions, the Nifty IT index has declined 7 per cent, while losses over the last seven trading days stand at 14 per cent
IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified
Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.
TCS, Wipro, Infosys, Coforge, Tech Mahindra, Persistent Systems, HCL Technologies, LTIMindtree and Mphasis were down in the range of 4 per cent to 5 per cent in intra-day trade on Thursday.
Cyient, Birlasoft, Cigniti Technologies, eClerx Services and Tata Technologies were down between 4 per cent and 6 per cent in Friday's intra-day trade.
ADRs of Wipro and Infosys fell by up to 3.3 per cent on Wednesday, extending losses after declining around 6 per cent amid rising concerns about the global tech sector
The Nifty IT index plummeted 5.9 per cent, the steepest intraday fall since April 7, 2025, with the fall led by Persistent Systems, LTIMindtree, and Infosys
Improved policy optics could encourage US enterprises to advance discretionary tech spending and GCC expansion, even though immediate revenue or margin acceleration for IT firms is unlikely.
The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse
Budget 2026 has proposed a tax holiday till 2047 for IT companies providing cloud services using India-based data centres.
Wipro rolls out a consulting-led, AI-powered operating model to deliver end-to-end enterprise transformation and faster ROI from digital and AI initiatives
Here is the complete list of stocks that will remain in focus during today's trading session following their announcement to reward shareholders with dividends
Here is the complete list of stocks that will trade ex-dividend next week, along with their announcement details and record dates
Wipro Q3 review: Analysts said the performance was mixed, with margins beating expectations even as revenue growth stayed weak
Stocks to watch on Monday, January 19: At around 7:10 AM, GIFT Nifty futures were down 180 points at 25,571.50, signaling a gap-down start for the bourses.
Wipro's Q3 profit fell 7% year-on-year due to labour code impact, even as IT services revenue beat estimates and margins improved on cost controls
IT major Wipro on Friday revised its fresher hiring guidance for the current fiscal year (FY26), stating it now expects to onboard 7,500-8,000 graduates, down from its original target of 10,000-12,000. The adjustment comes after muted third-quarter earnings, during which the Bengaluru-based firm added only about 400 freshers to its rolls. "This quarter recruitment from campuses was muted; we had only about 400 odd freshers join (by the end of this fiscal)... We had said 10,000. I think we'll end up between 7,500-8,000," Wipro CHRO Saurabh Govil said during the company's Q3 earnings press conference. Despite the quarterly slowdown, the company's year-to-date fresher intake remains above 5,000. Wipro leadership emphasised that while volume hiring has moderated, the company is intensifying its focus on "AI-ready" talent. "From a recruitment standpoint, especially on campuses, what we have done is we have created these Centres of Excellence 50 of them across different universities, w
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.
Wipro said the profit decline was due to the implementation of new labour codes, which resulted in a one-time provision of ₹302.8 crore