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Infosys, TCS and other IT stocks jump up to 5% on dip buying. Is the worst over?
IT stocks rebounded sharply on Thursday, with the Nifty IT index surging nearly 4% after a four-session slide that pushed it to a 52-week low. Coforge led gains with a 5% jump, while Infosys, Mphasis, HCL Tech and Persistent Systems rose around 4%. The recovery lifted sentiment after the sector had shed nearly 7% over the previous four trading sessions.
Higher performance guarantees from lower bids in highway projects: Road transport ministry
The government is tightening rules for highway project bids, demanding higher performance guarantees for offers exceeding 30% below original estimates. This move aims to prevent excessively low bids and protect the quality of national infrastructure. New guidelines, effective immediately, mandate E-Bank Guarantees for this additional security, explicitly rejecting surety bonds. This addresses a persistent trend of unusually low quoting in highway tenders.
INR slumps back beyond Rs 95 per dollar mark as dollar stays firm; positive local equities cap downside
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64.
India's sound macroeconomic fundamentals provide greater resilience to external shocks, says RBI
Reserve Bank released the June 2026 edition of the Financial Stability Report (FSR) today. It noted that despite repeated shocks, the global financial system has thus far demonstrated notable resilience, with markets remaining orderly after an initial bout of volatility following the outbreak of the West Asia conflict. Nevertheless, global financial stability risks remain elevated. Persistent supply chain uncertainties could tighten financial conditions and revive inflationary pressures. Meanwhile, elevated public debt, bond market fragilities, stretched asset valuations, and leveraged NBFIs remain key vulnerabilities that could amplify future shocks.
Sensex logs worst H1 decline since pandemic as broader indices outperform
The Sensex declined 10.3 per cent in H1CY26 amid persistent FPI selling, while small- and mid-cap indices outperformed on strong domestic investor support
The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips
DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid persistent inflation and geopolitical risks.
Persistent Systems May Rally 46%, Says Axis Securities Despite IT Stocks Under Pressure — Here's Why
Persistent Systems Ltd.'s shares are likely to be in focus after Axis Securities reiterated its Buy' rating on the stock, even as broader IT stocks remain under pressure.
'Two Similar Companies At Heart': Persistent Systems CEO Explains Why Nagarro Is The Right Fit
Rather than pursuing growth for growth's sake, Persistent says it was looking for a partner that could help it compete for larger global transformation deals while preserving its engineering-led DNA.
Nifty IT hits fresh 52-week low as Infosys, TCS, Wipro & others tumble up to 3%. What's spooking investors?
The Nifty IT index fell more than 2% to a fresh 52-week low on Tuesday as persistent inflation concerns and uncertainty over the US Federal Reserve's interest rate trajectory weighed on sentiment. Infosys, TCS, Wipro and other IT stocks declined up to 3%, with investors awaiting the sector's Q1 earnings season.
Home sales fall to three-year low in June quarter
Home sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties and supply chain issues have dampened buyer sentiment. Despite this, new project launches saw an annual increase, particularly in premium segments and infrastructure-driven areas. While most major cities saw sales decline, Kolkata, Hyderabad, and Bengaluru registered modest yearly growth.
Why did Persistent stock face a market shock after its biggest M&A deal? - Fortune India
Why did Persistent stock face a market shock after its biggest M&A deal?Fortune India
Sensex Today Ends 372 Points Lower | Nifty Below 23,950 | Persistent Systems Down 10% - Equitymaster
Sensex Today Ends 372 Points Lower | Nifty Below 23,950 | Persistent Systems Down 10%Equitymaster