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Technical chart shows presence of strong support for HCL Technologies stock in the ₹1,515 - ₹1,533 range.
Tech Mahindra will report its earnings for the quarter ended June on July 16, and analysts expect a dip in profit and revenue sequentially
At 11:30 AM, BSE Sensex was trading at 82,107.93, down by nearly 400 points or 0.49 per cent
Kotak Institutional Equities expects FY2026 to be a year of underperformance for TCS, after its Q1 results missed expectations
Shares of Datamatics Global Services moved higher by 10% to ₹737.90 on the BSE in Friday's intra-day trade in an otherwise weak market.
HCL Technologies is expected to post a 3.76 per cent decline in net profit for the first quarter, sequentially
Bernstein's focus on earnings follows nearly three quarters of subdued corporate results, which had prompted investors to seek safety in defensive corners of the market
TCS Q1 Preview: The IT major is likely to see a 0.21 per cent quarter-on-quarter (Q-o-Q) dip in revenue to ₹64,342.93 crore, according to analysts
Dev IT shares surged after the company announced it had secured orders worth around ₹4.4 crore from Alivus Lifesciences Limited.
The pain was also visible in the broader markets with the Nifty MidCap and the Nifty SmallCap indices falling up to 0.34 per cent
IT stocks today: Accenture's Q3 results show that the adverse macro environment has started impacting clients' tech spending decisions, which may hit IT stocks in the near-term
Shares of Tech Mahindra hit an over four-month high at ₹1,724.25, gaining 2% in Tuesday's intra-day trade in an otherwise weak market, and has rallied 12% in the last 10 days.
IT stocks today: The rise in IT stocks comes amid a decline in Indian Rupee against the US dollar
Technical outlook on IT stocks: Infosys, TCS HCL Technologies and Tech Mahindra may slip up to 9% from present levels, suggest charts.
IT stocks falling today: The Nifty IT index fell 1.4 per cent intraday to hit a low of 36,770.15. Among individual stocks, Mphasis tumbled 6.7 per cent, Persistent Systems and HCL Tech 1.8 per cent
The market breadth turned positive, with 1,510 out of 2,947 traded stocks on the NSE ending in the green, while 1,373 closed lower and 64 remained unchanged
IT stocks jumped in trade after a US federal court on Wednesday (local time) blocked President Donald Trump from imposing broad tariffs on imports under an emergency-powers law.
Among the sectoral market, shares of auto, FMCG, and IT companies were under pressure, while public sector banks, pharma, and realty bucked the trend and logged gains
Among sectoral indices, all but select healthcare ended in the green, with the Nifty Auto, and Nifty IT indices leading the way, gaining 1.05 per cent and 1.02 per cent, respectively
The Sensex settled at 81,721.63, up 769.09 points or 0.95 per cent, while the Nifty50 closed at 24,853.15, gaining 243.45 points or 0.99 per cent.