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.
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.
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
The US government said on Thursday it was suspending some major global tech and IT firms, including Infosys, from the PERM green card program
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 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.
Persistent macroeconomic uncertainty, geopolitical volatility, artificial intelligence (AI)-led pricing and productivity pressures continue to weigh on demand
The Nifty IT index has underperformed in September, falling over 11%, as against a 6% decline in the Nifty 50.
18 of the 50 Nifty stocks are trading more than 20 per cent below their respective 52-week highs, with a market cap erosion of ₹31.35 lakh crore in the same period.
India is witnessing a "once-in-a-generation demand window" in the semiconductor market and must transition from "Engineered in India" to "Invent in India" by taking ownership of complete systems and products, Infosys Senior Vice President Vikram Meghal said on Friday. Speaking at SEMICON India 2026, Meghal said the traditional semiconductor pipeline is breaking amid massive shifts driven by artificial intelligence (AI), geopolitical supply chain challenges, and a transition from Moore's Law towards system-level scaling. "AI data centre spend is projected to reach USD 6.7 trillion in the next few years, and 50 per cent of that spend is going to be compute, memory, and networking chips," Meghal said, adding that the industry is seeing a shift where the workload is now driving how chips are designed, rather than the chip driving the workload. He identified three major demand fronts for the country: Made for India, Engineered in India, and Invent in India. Under "Made for India", Megha
Indian IT stocks have been one of the biggest casualties of AI boom, having lost 21 per cent on a year-to-date basis.
Nilekani, wife Rohini and their two children are expected to receive notices during the document verification phase of Karnataka's electoral roll revision
In the IT basket, stocks registered declines in the range of 2-4 per cent. Infosys emerged as the biggest loser with a 3.8 per cent fall.