Page 9 - Latest Updates on What next for stocks of IT firms

Bulls charge on Auto, IT stocks; Sensex adds 455 points, Nifty reclaims 25k

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

Sensex jumps 769 pts, Nifty above 24,850; bulls charge with FMCG, IT stocks

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.

'Not a buying moment': Analysts wary of IT stocks amid Moody's US downgrade

Moody's downgrades US rating: Analysts see IT sector taking longer-than-expected to yield returns. Investors, they believe, should brace for near-term pressure

IT stocks fall as Moody's downgrades US sovereign credit rating to 'AA1'

IT stocks slipped after Moody's downgraded the US credit rating to 'AA1', with analysts calling the fall a knee-jerk reaction due to US market reliance

Buy the dips or sell the rallies? Ajit Mishra reveals how to play markets

Going ahead, markets may maintain the prevailing recovery tone, with key support at 23,600-24,200 zone in Nifty and 77,800-79,850 zone in Sensex

Fund managers lapped up IT stocks in April after index correction

As per an analysis by Nuvama Alternative & Quantitative Research, companies in the information technology (IT) sector found favour among fund managers following a sharp correction in the IT index

TCS, Infosys, Wipro: Should you buy IT stocks post Q4FY25 results?

Technical charts suggest that IT major shares - Infosys, TCS and Wipro can potentially bounce back up to 18% from present levels; here are the key levels to watch out for.

Wipro Q4 FY25 results: Net profit up 25.9% to Rs 3,570 cr; misses estimates

CEO Srinivas Palia blames tariff war and macro woes for revenue slide

IT major Wipro to remain cautious on fresher hiring in this fiscal

Voluntary attrition rose to 15 per cent from 14.2 per cent a year earlier

Outlook for Wipro trimmed after weak guidance, muted Q4 revenue show

India's fourth largest software company continues to underperform compared to peers

Accenture warns of contract delays, cancellations amid US spending cuts

Accenture said its federal services unit is facing a slowdown as the US General Services Administration instructed all federal agencies to review their contracts

Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO

The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, said the CEO

Pentagon axes $5.1 bn 'wasteful' IT deals with Accenture, Deloitte, others

US Defense Secretary Pete Hegseth estimates the Pentagon will save nearly $4 billion from the terminated IT and consulting contracts deemed non-essential

Key sectors that are showing strength on charts and can rally from here on

An Axis Securities note provides a sector-wise distribution of stocks trading above key Exponential Moving Averages. EMAs give more weight to recent prices, making them more responsive to new triggers

Mastek surges 15% on heavy volumes; Rebounds 21% from Monday's low

A combined 3.46 million equity shares representing 11 per cent of total equity of Mastek have changed hands on the NSE and BSE till 02:49 PM

Trump tariffs: IT stocks eye upto 38% downside if US economy sees recession

Trump Tariffs: Analysts at Kotak Institutional Equities believe Tata Consultancy Services (TCS), followed by Infosys, HCL Tech, and Coforge have lower downside from current levels