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HCL Tech to Infosys, Tech Mahindra: IT stocks extend gains, Nifty IT up 3% today: Is worst over for the battered sector?
IT stocks gained on July 3, propelled by positive global tech trends and reduced fears of an interest rate hike. The Nifty IT index surged nearly 3%, recovering from recent declines, though it remains the worst-performing sector this year, down 30% in H1CY26.
HCL Tech shares zoom 6% after $1.14 billion AI deal with Fortune Global 50 firm
HCL Tech shares surged following a significant $1.14 billion deal with a European Fortune Global 50 firm to manage its digital workplace and networks. This new business, spanning July 2026 to December 2031, boosts HCL Tech's prospects. The company also recently invested in AI startup Sarvam AI. Despite a slight miss on FY26 revenue guidance, Q4 saw a 4.2% net profit increase.
HCL Tech Share Price Live Updates: HCL Tech shares zoom 6% after $1.14 billion AI deal with Fortune Global 50 firm
IT stocks may not have bottomed yet; prefer Coforge, Mphasis: Motilal Oswal Financial
Abhishek Pathak, VP – Institutional Research Analyst, Tech & IT at Motilal Oswal Financial Services, expects Infosys and HCLTech to lower the upper end of their FY27 guidance, remains cautious on KPIT Technologies following its profit warning, and warns that the IT sector could see further valuation cuts. However, he continues to favour selective mid-cap bets such as Coforge, Mphasis and, potentially, Persistent Systems.
IT stocks stage a sharp rebound but ICICI Securities downgrades seven of them
ICICI Securities has downgraded TCS, HCLTech, Wipro, Tech Mahindra, LTM, Hexaware Tech and LatentView Analytics and also cut its price target on these stocks in its note.
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.
Buy, Sell Or Hold: Suzlon Energy, Trent, Ola Electric, HCL Tech And Godrej Properties — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
HCL Tech Share Price Live Updates: HCL Tech Experiences Weekly Decline
Nifty IT sinks 2% to 3-year low; TCS, Infosys, HCL Tech, LTM hit 52-wk lows
As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.
Sensex Today Trades Lower | Nifty Below 23,900 | TCS & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 23,900 | TCS & HCL Tech Top LosersEquitymaster
Sensex Today Trades Lower | Nifty Below 23,900 | TCS & HCL Tech Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 23,900 | TCS & HCL Tech Top LosersEquitymaster
