All 10 constituents of the Nifty IT index were trading sharply higher. Mphasis, Wipro, Oracle Financial Services Software, HCL Tech, and TCS rose over 2 per cent each
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Technical charts show that Nifty and its 12 stocks including Infosys, Reliance, Bharti Airtel, Asian Paints, HCL Tech and Bajaj Finance saw their 50-DMA slip below 200-DMA amid March market crash.
Indian IT services firms are expected to increase acquisition spending to up to $7 billion this year, targeting AI, cloud and data capabilities amid a challenging organic growth environment
Nomura believes the above two acquisitions and Versent (which is pending closure due to regulatory approvals) could contribute 225 basis points (bps) to Infosys' revenue growth in FY27F
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Infosys's stock price has corrected 25 per cent thus far in the calendar year 2026, as against 11.4 per cent fall in Nifty 50, on likely threat to revenue growth.
Analysts see the sharp correction in stock prices and dislocation in parts of the market as an opportunity for investors to review their portfolios and make appropriate changes.
Concerns over rising inflation stemming from potential energy supply disruptions and rationing prompted investors to book profits, while FII outflows added to the market pressure, said Geojit.
IT major Infosys on Thursday announced the expansion of its Mohali Development Centre (DC) with the launch of a new 350,000-square-foot integrated development campus. The new campus will have the capacity to seat approximately 3,000 employees, the company said in a statement. The groundbreaking ceremony for the new facility saw the presence of Punjab Chief Minister Bhagwant Singh Mann and Cabinet Minister for Investment Promotion, Power and Local Government for Punjab, Sanjeev Arora, alongside Infosys Chief Financial Officer Jayesh Sanghrajka and others. "The expansion of Infosys' Mohali DC strengthens Punjab's position as an emerging hub for technology and innovation. This investment will create significant employment opportunities for the youth of Punjab and neighbouring states while bolstering the state's IT ecosystem. We look forward to Infosys' continued efforts in driving technology-led and inclusive economic growth in the region," Chief Minister Mann said. The new Software .
Markets in free-fall: The Sensex has declined over 1 per cent in the last seven out of nine trading sessions; dragging 55 out of BSE 500 stocks to new 52-week lows on Thursday.
Food courts at Infosys campuses in Pune, Bengaluru and Chennai will operate with limited menus as LPG supply curbs linked to the West Asia crisis disrupt catering operations
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Thus far in the calendar year 2026, TCS's market price plunged 23 per cent, as against 7.4 per cent decline in Nifty 50, data shows. The NIfty IT index lost over 1 per cent in trade on Tuesday.
With AI concerns continuing to put pressure on Indian IT stocks, analysts at HSBC expect Infosys and HCLTech's FY27 guidance could be the key catalyst for the sector
Within the Nifty 500, 14 stocks, including AWL Agri, LTIMindtree, Wipro, CoForge and IRFC were trading with a RSI reading below 20; technically the oversold threshold for the RSI parameter is 30.
AI adoption is reshaping cost structures, leading to shorter project timelines and thereby layoffs in low-skill roles, said Geojit's Vinod Nair
Indian IT majors including Tata Consultancy Services, Infosys and Wipro suspend travel and urge staff in West Asia to stay indoors as the US-Israel-Iran conflict shuts airspace across the region