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Market wrap: Top gainers and losers on Nifty and Sensex today
Sensex climbed 828 points and Nifty gained 244 points, extending their winning streak as TCS earnings, positive global cues and banking optimism lifted sentiment. The rally added nearly Rs 6 lakh crore to BSE market capitalisation, with IT, financials and metals leading gains.
INR settles higher on positive cues from local equities; Weak greenback supports
The Indian rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened but crude oil prices steadied amid intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support. Local shares ended Friday's session on a buoyant note, with firm cues from global markets and TCS' better-than-expected Q1 earnings helping underpin investor sentiment. Fears about a return to full-blow war however subsided after President Donald Trump claimed that Iran wants to "make a deal so badly," but he doesn't know if they're worthy of making a deal. The BSE Sensex climbed 827.57 points (1.08%) to close at 77,569.39, while the NSE Nifty 50 rose 244.10 points (1.02%) to settle at 24,206.90.
Why TCS employee addition just hit 4-year high amid AI job loss fears
TCS added 9,279 employees in Q1FY27, marking its strongest quarterly hiring in four years amid growing concerns over AI-led job cuts. The IT major said AI will reshape roles rather than eliminate jobs, while investments in talent, AI services and digital capabilities signal confidence in future demand and growth.
Rajesh Palviya of Axis Sec suggests Paytm, Anand Rathi, Nykaa shares to buy today
Indian benchmark indices opened higher, boosted by gains in IT stocks after TCS reported strong quarterly revenue. Nifty 50 rose 0.68% and BSE Sensex climbed 0.85%. Market breadth was positive, with all major sectoral indices in the green amid easing geopolitical tensions.
Rs 5 lakh crore wealth boost! Top 5 factors fuelling today's 800-point Sensex rally
Indian stock markets experienced significant gains on Friday, with Sensex and Nifty rising over one percent. Strong first-quarter earnings from TCS boosted investor sentiment, leading IT stocks higher. Positive global market trends and a decline in market volatility also contributed to the rally. Despite escalating Iran-US tensions, markets largely ignored the geopolitical developments. Analysts anticipate continued economic resilience and positive sector-specific responses moving forward.
TCS shares jump over 3% after Q1 results. What are Morgan Stanley, Citi and other brokerages saying?
TCS shares climbed 3.5% after the IT major reported a 5% year-on-year rise in Q1FY27 net profit to Rs 13,349 crore and a 14% increase in revenue. While most brokerages retained their ratings, views remained mixed on the outlook, with optimism over AI-led growth offset by concerns around weak discretionary spending, margins and global macro uncertainty.
Stock Picks Today: TCS, Dr. Reddy's, Dixon Tech, Lenskart, And More On Brokerages' Radar
Brokerage radar
TCS' next growth phase hinges on AI investments, not just deal momentum
Tata Consultancy Services reported flat dollar revenue and margin contraction in the June quarter. AI revenue shows growth but remains a small part of total earnings. The company paid significant dividends, impacting its ability to invest internally. Sustained order flow and stable attrition offer some long-term hope. TCS needs to balance investor returns with future technology investments.
Market Pulse: Key triggers to watch before the July 10 trading session
Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS' June quarter earnings. Market participants will also track the impact of Apollo Micro Systems' ₹1,550-crore acquisition of a 41.33% stake in Premier Explosives.On the global front, US markets traded higher, supported by gains in semiconductor stocks and lower oil prices, although renewed tensions between Washington and Tehran kept investors cautious. Traders will also monitor the impact of lower-than-expected US jobless claims and June existing home sales data on sentiment.
TCS adds over 9,200 employees in fastest hiring quarter in nearly four years
TCS added 9,279 employees in the June quarter, recording its fastest headcount growth in 15 quarters despite AI-led hiring caution. Attrition eased, while the company continued investing in AI infrastructure, capabilities and future-ready skills.
From TCS, Happiest Minds To Bharti Airtel, IndiaMart: What to Expect From Q1 Results Across IT and Telecom Sectors
Mid-cap IT companies are expected to continue outperforming due to their agility, niche positioning, superior execution capabilities, and operational efficiencies.
Market trade higher; consumer durables shares climb
Investors are also closely tracking the first-quarter earnings season, with the focus on TCS' Q1 FY27 results due later in the day. Market participants will watch the IT major's management commentary for cues on discretionary technology spending by global clients and the demand outlook for the sector.