Nifty It Stocks
IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%
IT shares: Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making.
 "IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%")
Nifty IT defies market weakness, rises 2%; Mphasis, Coforge, TCS lead
The Nifty IT index advanced 2.1 per cent during intra-day deals, with nine out of ten constituent stocks of the index trading in the green.
 "Nifty IT defies market weakness, rises 2%; Mphasis, Coforge, TCS lead")
Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows
The Nifty IT index has underperformed in September, falling over 11%, as against a 6% decline in the Nifty 50.
 "Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows")
₹31 trn wiped out; nearly 40% of Nifty stocks down over 20% from 52-wk high
18 of the 50 Nifty stocks are trading more than 20 per cent below their respective 52-week highs, with a market cap erosion of ₹31.35 lakh crore in the same period.
 "₹31 trn wiped out; nearly 40% of Nifty stocks down over 20% from 52-wk high")
OFSS shares crack 7%; what's spooking Nifty IT's best-performing stock?
As of Friday's close, OFSS shares are up 55 per cent on a year-to-date (YTD) basis, making it the best-performing stock in the worst-performing Nifty IT index.
 "OFSS shares crack 7%; what's spooking Nifty IT's best-performing stock?")
Gold at $10k, SIP flows, smallcaps outlook: Chris Wood's India mkt playbook
Over a five- or 10-year view, if I were an Indian mutual fund investor, it makes sense to allocate half of your inflows into small- and mid-cap funds, Wood said.
 "Gold at $10k, SIP flows, smallcaps outlook: Chris Wood's India mkt playbook")
Nifty IT slumps 1% as Fed rate hike sparks fresh selling in tech stocks
The weakness in IT stocks was followed by the US Federal Reserve's decision to hike the key lending rate by 0.25 basis points to 3.75-4 per cent.
 "Nifty IT slumps 1% as Fed rate hike sparks fresh selling in tech stocks")
Infosys, TCS to HCL Tech: AI slowdown calls send Nifty IT pack 5% higher
Indian IT stocks have been one of the biggest casualties of AI boom, having lost 21 per cent on a year-to-date basis.
 "Infosys, TCS to HCL Tech: AI slowdown calls send Nifty IT pack 5% higher")
Nifty IT tumbles 4% as Coforge, US Fed rate hike fears trigger sell-off
n the IT basket, stocks registered declines in the range of 5-9 per cent. Based on the day's low, Coforge emerged as the biggest loser with an 8.7 per cent fall.
 "Nifty IT tumbles 4% as Coforge, US Fed rate hike fears trigger sell-off")
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")
Nifty IT tumbles 3% as Fed rate hike bets rise; Infosys leads losses
In the IT basket, stocks registered declines in the range of 2-4 per cent. Infosys emerged as the biggest loser with a 3.8 per cent fall.
 "Nifty IT tumbles 3% as Fed rate hike bets rise; Infosys leads losses")
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")
Nifty IT tanks 2%; Infosys, Wipro top losers: What's behind the weakness?
So far this month, the IT index remains unchanged. In July, it recorded its best gain in six months following a 17 per cent rise.
 "Nifty IT tanks 2%; Infosys, Wipro top losers: What's behind the weakness?")
Nifty IT up 3.5% as Nvidia results soothe AI infra spending fears
Investors say Nvidia's growth confirms expansion phase of AI capital spending
 "Nifty IT up 3.5% as Nvidia results soothe AI infra spending fears")
Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why
IT stocks rallied on Friday after Nvidia's strong revenue forecast reinforced optimism around the artificial intelligence (AI) boom.
 "Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why")
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")
Nifty IT index slips nearly 2% for second straight day; here's why
In the past one week, Nifty IT index has corrected 4.8 per cent, compared to 1.2 per cent decline in the Nifty 50.
Nifty IT index snaps 3-day losing streak, jumps 2% led by TCS, HCL Tech
IT stocks in demand: Tata Consultancy Services (TCS), Tech Mahindra, LTM, HCL Technologies and Mphasis gain 3 per cent each in intra-day deals on Friday.
 "Nifty IT index snaps 3-day losing streak, jumps 2% led by TCS, HCL Tech")
Tech blitz! Nifty IT logs best monthly gain in 6 years. Is the worst over?
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
 "Tech blitz! Nifty IT logs best monthly gain in 6 years. Is the worst over?")
Nifty IT slips 4%; Persistent, Mphasis plunge 5%; why are tech stocks down?
Technology stocks witnessed some profit-taking on Friday following a 19% rally in the Nifty IT index this July.