FMCG sector seems to have bottomed out as many largecap FMCG stocks have turned bullish on the short term charts
Between December 31, 2024 and June 25, 2025 the Nifty IT index has slumped 9.90 per cent, in stark contrast to the Nifty 50, which is up 6.76 per cent during the same period, NSE data showed.
The Nifty IT index fell over 1 per cent, dragged by OFSS, LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent
IT stocks today: The rise in IT stocks comes amid a decline in Indian Rupee against the US dollar
Indian equity benchmarks were trading higher on Monday led by gains in the heavyweight IT stocks including TCS, Tech Mahindra and HCL Tech
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 Sensex settled at 81,451, down by 182 points or 0.22 per cent, while the Nifty50 closed at 24,750.1 levels, down by 82.90 points or 0.33 per cent
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.
The BSE Sensex fell as much as 1.06 per cent or 869.52 points to 80,727.11. Similarly, the NSE Nifty50 dropped 1.09 per cent or 361.85 points to 24,541.60.
On the Sectoral front, Nifty IT emerged as top loser down by 1.37 per cent after Moody's downgraded the US government's credit rating on Friday
The computer software and consulting firm's stock rose as much as 7.7 per cent during the day to ₹4,977 per share
The currency has depreciated by over 3 per cent since March and currently trades at 84.8 against the greenback
Tech Mahindra's stock fell as much as 4.7 per cent during the day to ₹1,375 per share, the worst intraday loss since April 7 this year
Cyient's stock fell as much as 9.71 per cent during the day to ₹1,125 per share, the worst intraday loss since January 24 this year
Tech Mahindra Q4 Results 2025: The IT major is likely to report a flat revenue growth, while the bottom line is expected to rise by 10 per cent
HCLTech's stock rose as much as 7.4 per cent during the day to ₹1,590 per share, the biggest intraday gain since September 14, 2019
Infosys stock was quoting at ₹1,385, down 1.99 per cent compared to previous day's close of ₹1,413.10 on the National Stock Exchange
Nine of the 13 brokerages that reviewed TCS's Q4 results downgraded their target price for the stock
Sumit Pokharna, vice president for fundamental research at Kotak Securities suggests five IT stocks that investors can still bet upon from a long-term perspective
Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks