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What next for stocks of IT firms
What next for stocks of IT firms
Information technology (IT) bellwether Infosys Technologies' January-March quarter earnings, announced on Thursday, missed Street estimates. While its net profit for the three-month period declined 11.7 per cent from a year ago to Rs 7,033 crore, the more concerning piece of news lay in its outlook for FY26: The company guided for weaker than expected revenue growth during the ongoing financial year.
Even as global economic uncertainty, tariff disruptions and cautious client spending cloud the sector's outlook, Infosys seems to share the pessimism aired earlier by Accenture, which fears loss of US federal contracts, and Tata Consultancy Services (TCS) and...
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IT companies' slice of Nifty 50 pie shrinks sharply to 17-year low
Sector's weighting in index has slipped to 10.2% from peak of 17.7%
 "IT's grim portents")
Infosys Q4FY25 results: Net profit declines 11.7% to ₹7,033 crore
Infosys signals weak FY26 after muted Q4 result
Updated On : 18 Apr 2025 | 12:02 PM IST "IT's grim portents")
US agency probes bias claims against TCS on race, age, national origin
An EEOC spokesperson, citing federal law, said the agency cannot comment on investigations. Complaints, or charges, made to the EEOC are confidential under federal law.
Updated On : 18 Apr 2025 | 12:03 PM IST "IT's grim portents")
IT major Infosys to hire 20,000 fresh engineering graduates in FY26
It remains to be seen how this hiring will pan out, which will largely depend on project ramp-ups and more deal inflows. Any further deterioration may force the companies to proceed with caution
Updated On : 18 Apr 2025 | 12:01 PM IST "IT's grim portents")
Latest Updates on What next for stocks of IT firms
What's fueling the rally in IT stocks today? Analyst explains
The Nifty IT index has underperformed the markets in 2026 so far and emerged as top sectoral loser as well. As per data, the index has corrected 26 per cent on Y-T-D basis.
 "What's fueling the rally in IT stocks today? Analyst explains")
Oracle Financial Services bucks IT rout in CY26; rises 16% while peers fall
Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains
 "Oracle Financial Services bucks IT rout in CY26; rises 16% while peers fall")
Nifty IT tumbles 3.7% to near 3-year low amid AI disruption concerns
Indian IT stocks fell sharply after OpenAI's acquisition of consulting firm Tomoro intensified concerns over AI-led disruption to traditional IT services models
 "Nifty IT tumbles 3.7% to near 3-year low amid AI disruption concerns")
Sensex extends losses, falls 1560pts intraday; Nifty below 23,350: Reasons
The Sensex touched an intraday low of 74,449.50, down more than 1,566 points, or 2 per cent. Similarly, the Nifty 50 index lost 467 points, or 1.96, to make a low of 23,348.40.
 "Sensex extends losses, falls 1560pts intraday; Nifty below 23,350: Reasons")
Nifty IT index slumps 3% as OpenAI announces launch of Deployment Company
Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50
 "Nifty IT index slumps 3% as OpenAI announces launch of Deployment Company")
Markets rally: Sensex rises 1,095pts intraday, Nifty at 24,334; key reasons
Analysts attribute the rally to better-than-expected quarterly earnings and supportive high-frequency data, which have strengthened expectations of a strong Q4 performance
 "Markets rally: Sensex rises 1,095pts intraday, Nifty at 24,334; key reasons")
Infosys, HCL Tech fall below March lows; tech charts flag warning sign
Anand James, chief market strategist at Geojit Investments highlights that Infosys and HCL Technologies look weak on charts as both were trading below March lows and the lower-end of Bollinger Bands.
 "Infosys, HCL Tech fall below March lows; tech charts flag warning sign")
Nifty IT dives 4% amid sharp sell-off; Infosys, LTM, Coforge worst-hit
LTIMindtree was the top loser, down nearly 6 per cent, followed by Coforge, Infosys, and Mphasis, falling over 5 per cent each
 "Nifty IT dives 4% amid sharp sell-off; Infosys, LTM, Coforge worst-hit")
Benchmarks retreat amid sharp IT selloff as oil surge hits sentiment
Benchmark indices fell as IT stocks slumped and crude oil prices surged, with geopolitical tensions and profit-booking weighing on investor sentiment
 "Benchmarks retreat amid sharp IT selloff as oil surge hits sentiment")
HCLTech shares tank 9% after Q4 miss; FY27 guidance disappoints Street
HCLTech guided for revenue growth of 1-4 per cent in CC at the company level, and 1.5-4.5 per cent for its services business - the lowest in at least six years
 "HCLTech shares tank 9% after Q4 miss; FY27 guidance disappoints Street")
Mastek shares down 5% after Q4 profit dips; revenue sees modest rise
Mastek reported a 2 per cent quarter-on-quarter decline in its consolidated net profit to 106.2 crore for Q4FY26, compared to ₹108.4 crore in the previous quarter
 "Mastek shares down 5% after Q4 profit dips; revenue sees modest rise")
Wipro unveils Rs 15,000-cr buyback via tender route: Should you go for it?
The buyback price is 19 per cent higher than the stock's closing price on Thursday's of Rs 210.15 per share on the NSE.
 "Wipro unveils Rs 15,000-cr buyback via tender route: Should you go for it?")
Firstsource Solutions share price jumps 15% with 10x volumes; Q4 in focus
Firstsource Solutions shares surged over 15% on heavy volumes today amid IT rebound. Here's what's driving the rally, Q4 expectations, and analyst views on stock outlook
 "Firstsource Solutions share price jumps 15% with 10x volumes; Q4 in focus")
Wipro flat ahead of Q4 results; investors eye deal pipeline, FY27 outlook
Wipro is expected to report revenue of ₹24,262 crore in Q4FY26, up 3 per cent on a sequential basis and 7.8 per cent year-on-year, supported by higher contribution from the Harman acquisition
 "Wipro flat ahead of Q4 results; investors eye deal pipeline, FY27 outlook")
TCS, Infosys: Nifty IT falls 3% in rising market: Key reasons explained
Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent
 "TCS, Infosys: Nifty IT falls 3% in rising market: Key reasons explained")
Anthropic Mythos AI: What it means for Indian IT stocks and cybersecurity
Anthropic's latest AI model, Mythos, marks a shift from general-purpose AI to domain-specific intelligence-particularly in cybersecurity. Motilal Oswal sees limited immediate disruption to Indian IT
 "Anthropic Mythos AI: What it means for Indian IT stocks and cybersecurity")
Nifty IT up 2%; Wipro, Infy, TCS rise up to 4% as investors eye Q4 results
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
Markets set on favourable FY27 base; Iran war ceasefire key trigger: MOFSL
India's valuation premium over emerging markets, according to MOFSL, has narrowed to 27 per cent, well below the 10-year average of 73 per cent
 "Markets set on favourable FY27 base; Iran war ceasefire key trigger: MOFSL")
Markets log worst year since FY20; oil rise, IT rout deepen losses
Oil price surge, persistent FPI outflows and IT sector slump drag markets to their weakest fiscal performance in six years despite strong domestic inflows
 "Markets log worst year since FY20; oil rise, IT rout deepen losses")
HCLTech, TCS, Wipro: Nifty IT gains 1% in weak market as rupee falls
In the morning deals, the domestic currency hit a new low at 96.16 against the US dollar
 "HCLTech, TCS, Wipro: Nifty IT gains 1% in weak market as rupee falls")