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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
Markets end flat ahead of Fed decision; FPIs buy shares worth ₹4,240 crore
Benchmark stock indices Sensex and Nifty closed largely unchanged in a highly volatile trade on Tuesday amid profit-taking in IT and blue-chip banking shares, elevated crude oil prices and caution ahead of the US Federal Reserve's policy decision. The 30-share BSE Sensex slipped 8.08 points, or 0.01 per cent, to close at 73,598.67, with 17 constituents higher, 12 lower and one unchanged. During the day, it hit a high of 73,762.98 and a low of 73,179.41. The 50-share NSE Nifty skidded 3.45 points, or 0.02 per cent, to end at 22,749.75. However, broader market indices rallied on strong buying interest, with the smallcap index gaining 2.59 per cent and the BSE midcap nearly 1 per cent. Sectorally, realty, pharma and auto shares advanced, while banking, financials and IT stocks declined. From the 30 Sensex firms, State Bank of India, Axis Bank, Tata Consultancy Services, Asian Paints, HDFC Bank and ICICI Bank were among the major laggards. Bharti Airtel, Trent, Maruti and Power Grid w
 "Markets end flat ahead of Fed decision; FPIs buy shares worth ₹4,240 crore")
IT stocks gain ₹77,000 crore in value as banking shares weigh on Nifty
IT stocks gained ₹77,000 crore in market value, cushioning the Nifty's 0.34% decline on Wednesday, while banking and financial stocks lost around ₹81,000 crore amid rising bond yields.
 "IT stocks gain ₹77,000 crore in value as banking shares weigh on Nifty")
IT companies attracting investors after valuations hit multi-year lows
Trailing P/E multiple of top 5 IT services companies had declined to 12.9x at September-end, lowest since 2008 global financial crisis
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Indian software stocks set to outperform AI peers by most margin in decades
India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector
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Q2 impact: TechM shares gain 8% as analysts raise earnings estimate, target
Tech Mahindra shares jumped 5 per cent and emerged as the top Sensex gainer after the Q2 results. SBI Securities said that it expects Tech Mahindra stock to outperform the broader IT sector and peers.
 "Q2 impact: TechM shares gain 8% as analysts raise earnings estimate, target")
IT's ₹25K crore market value gain mirrors pharma's loss as Nifty falls
IT and FMCG stocks' rally failed to push up a broader market that fell 0.44 per cent on Wednesday, dragged by pharma stocks even as it gained the previous session.
 "IT's ₹25K crore market value gain mirrors pharma's loss as Nifty falls")
Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issue
Tech Mahindra's board will mull a dividend payout and a bonus issue along with the Q2 results announcement.
 "Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issue")
IT stocks lead markets to biggest rally in four months on HCLTech boost
HCLTech results spark 5.22% surge in IT index, highest in 17 months; FM's remarks on LTCG tax lift sentiment, too
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IT, telecom stocks decline as market selloff resumes amid FII outflows
Nifty IT fell 0.79 per cent on Monday, while telecom shares remained under pressure amid FII outflows, concerns over Jio Platforms' IPO valuation and broader market weakness
HCL Tech Q2 preview: 6 key things to watch out for in IT major's earnings
HCL Tech's board would consider the payout of a third interim dividend for FY27, along with Q2 results.
 "HCL Tech Q2 preview: 6 key things to watch out for in IT major's earnings")
Stock Market Close: Broad-based buying helps Sensex rebound 879 pts; Nifty at 22,536; IT pack shines
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 1.56 per cent and 0.54 per cent, respectively
 "Stock Market Close: Broad-based buying helps Sensex rebound 879 pts; Nifty at 22,536; IT pack shines")
Analysts caution TCS pullback may be short-lived; flag key levels to track
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.
 "Analysts caution TCS pullback may be short-lived; flag key levels to track")
IT sector defies US green card suspension worries to rally 3%; here's why
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.
 "IT sector defies US green card suspension worries to rally 3%; here's why")
TCS shares jump 3% ahead of Q2 results; what to expect & how to trade?
TCS Q2 results: Analysts expect large IT companies, such as TCS, to lag mid-tier firms amid macro uncertainty, AI-led productivity and increased competition.
 "TCS shares jump 3% ahead of Q2 results; what to expect & how to trade?")
Large-caps, financials, IT: Axis MF's Devalkar on where he sees opportunity
We remain constructive on the financial sector, particularly on high-quality private sector banks, said Shreyash Devalkar of Axis MF.
 "Large-caps, financials, IT: Axis MF's Devalkar on where he sees opportunity")
Coforge tanks 9% as chairman OP Bhatt resigns on board evaluation concerns
Coforge chairman OP Bhatt resigned after an internal audit into a board evaluation found concerns, including that material information about his own performance not fully disclosed to the board.
 "Coforge tanks 9% as chairman OP Bhatt resigns on board evaluation concerns")
Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD
Analysts believe stronger earnings visibility and company-specific growth drivers have managed to drive this outperformance.
 "Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD")
TCS reverses early gains, down 1%: What deal with Porsche means for company
Brokerages JM Financial and Emkay Global maintained their 'ADD' ratings on TCS stock following the strategic deal announcement with Porsche.
 "TCS reverses early gains, down 1%: What deal with Porsche means for company")
FPIs pile into financials, extend IT buying in first half of August
Financial services drew Rs 6,535 crore in FPI inflows between August 1 and 15, while IT stocks attracted another Rs 2,530 crore after strong buying in July
 "FPIs pile into financials, extend IT buying in first half of August")
Stock Market Close: Sensex drops 326 pts; Nifty ends at 24,078, extends losing streak to 7th day
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.21 per cent and 0.51 per cent, respectively
 "Stock Market Close: Sensex drops 326 pts; Nifty ends at 24,078, extends losing streak to 7th day")