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IT shares extend losses to 2nd day amid profit booking; TCS, HCLTech, Infy down up to 2%
Nifty IT index has fallen 23% in 2026 so far, resulting in an erosion of about Rs 6.6 lakh crore in market value.
Closing Bell: Nifty above 23,100, Sensex gain 509 pts; IT, metal, realty shine
Biggest Nifty gainers were Wipro, Hindalco Industries, HCL Technologies, TCS, Infosys, while losers included Dr Reddy's Laboratories, Adani Enterprises, Interglobe Aviatoion, Apollo Hospitals, Adani Ports. Except Consumer Durables and PSU Bank, all other sectoral indices ended in the green with Information Technology rose 2.5%, Metal index gained 1.5%, Realty index up 1.7% and Media index jumped 1%. The Nifty midcap index was up 0.3 percent, while smallcap index ended flat.
Mphasis, Wipro, HCL Tech rise up to 4% as IT shares lead Nifty gains; index up 2%
IT shares extended rally on expectations of a better-than-anticipated March quarter, beginning this Thursday.
HCL Technologies stock jumps over 4%, top Nifty gainer today as company bags $1.14 billion mega AI deal
HCL Technologies shares jumped over 4 percent on Friday after the IT major announced a $1.14 billion strategic AI-led digital transformation deal with a Europe-headquartered Fortune Global 50 company, boosting sentiment around the stock.
Taking Stock: Markets rally for 4th straight day; Sensex surges 509 pts, Nifty above 23,100
Biggest Nifty gainers were Wipro, Hindalco Industries, HCL Technologies, TCS, Infosys, while losers included Dr Reddy's Laboratories, Adani Enterprises, Interglobe Aviatoion, Apollo Hospitals, M&M.
Nifty IT extends gains to over 3% as rebound strengthens; Infosys, TCS, HCL Tech lead, dominate Nifty gainers
All major IT stocks traded firmly higher on Wednesday, reversing losses from the previous session. The rally extended to midcap IT names as well.
CLSA dismisses AI threat to IT firms, Nifty IT jumps nearly 3%; Infosys, TCS, HCL Tech among top gainers
CLSA said that in its discussions with major IT firms including TCS, Infosys, HCL Tech and Wipro, the brokerage found no evidence of increased pricing deflation in contract renewals due to the latest AI tools from Anthropic and OpenAI.
Stocks to Watch Today: Orchid Pharma, HCL Tech, EMS, Silver Touch, Knack Packaging, Ganesh Infraworld, IdeaForge, Embassy Developments in focus on 8 July
Stocks to Watch, 8 July: Stocks like Embassy Developments, InterGlobe Aviation, SpiceJet, Ganesh Infraworld, IdeaForge Technology, HCL Technologies, Silver Touch Technologies, EMS, 3i Infotech, Restaurant Brands Asia, IOL Chemicals and Pharmaceuticals, Cochin Shipyard, and Knack Packaging will be in focus on July 8.
IT stocks drag Nifty despite firm broader market; Infosys, TCS, HCL Tech fall as Fed signals rate hike risk
Indian IT stocks fell on Thursday after the US Fed signalled possible rate hikes. Infosys, HCL Tech, TCS, Wipro were among top Nifty 50 losers, while Nifty IT index dropped 1.8 percent, worst sector on NSE.
Closing Bell: Nifty below 25,200, Sensex tanks 961 pts; realty, metal, FMCG top drag
Nifty Midcap and smallcap indices down 1% each. Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma were among the top drags on the Nifty, while gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.
IT stocks extend rebound for second day; Infosys, TCS, HCL Tech gain 2-4% as sector stabilises after sell-off
The second straight day of gains follows a bruising sell-off earlier in the week, when IT stocks came under heavy pressure amid fears that rapid advances in artificial intelligence (AI) could structurally alter the traditional IT services business model.