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Nifty IT jumps over 4%; Infosys, TCS shares surge up to 5%. Should you buy IT stocks at this juncture?
Amidst a 30% decline in the IT sector this year, the Nifty IT index jumped over 4% as traders speculate if this marks a market recovery. Experts advise caution—monitoring upcoming earnings and AI impacts could determine if now is the time for investments.
Nifty IT index rebounds, up 4% after 4-day fall; Infy, TCS surge up to 5%
In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.
Sensex Today Rallies 504 Points | Nifty Above 24,150 | Infosys & TCS Top Gainers - Equitymaster
Sensex Today Rallies 504 Points | Nifty Above 24,150 | Infosys & TCS Top GainersEquitymaster
Sensex Today Rallies 504 Points | Nifty Above 24,150 | Infosys & TCS Top Gainers - Equitymaster
Sensex Today Rallies 504 Points | Nifty Above 24,150 | Infosys & TCS Top GainersEquitymaster
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.
Sensex jumps over 500 points, Nifty tops 24,150 as oil slips below $70/bbl on US-Iran peace talks
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran peace talks. Tech stocks like Infosys led the charge, while broader markets also traded higher. Analysts point to falling crude, strong auto sales, and tapering FII selling as positive near-term drivers, though monsoon progress remains a watch point.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Maruti Suzuki India were top traded contracts.
Infosys has not closed below this level in six years; Analysts warn of guidance cuts
Morgan Stanley expects Infosys to deliver 3% year-on-year constant currency revenue growth in FY27, including around 2 percentage points from acquisitions. This implies organic growth of about 1%, weaker than the approximately 2.4% organic growth reported in FY26.
Nomura expects IT firms to see 'anaemic' growth in FY27. Here are latest target prices for Infosys, TCS, and others
Nomura expects subdued near-term growth for Indian IT companies as macro uncertainty and weak tech spending weigh on demand ahead of Q1 earnings. However, it sees long-term opportunities emerging from AI-driven changes, with IT firms potentially expanding their addressable market as enterprises increasingly rely on system integrators in hybrid human–digital workflows.
Rs 19 lakh crore shocker! TCS, Infosys & 2 IT giants crash 50% from peak: Is the absolute worst yet to come?
India's top IT firms, including TCS and Infosys, have seen their market value plummet by at least 50% from peak levels, erasing nearly Rs 19.28 lakh crore. This brutal correction is fueled by macroeconomic stress in North America and the disruptive potential of generative AI. Analysts warn of further de-rating as the sector grapples with these structural changes and cautious global economic outlooks.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Reliance Industries were top traded contracts.
Sensex today | Stock Market Live Updates: Sensex flat, Nifty tests 23,900 in choppy trade; Eicher Motors, TCP, Infosys, Wipro, TCS among top losers - BusinessLine
Sensex today | Stock Market Live Updates: Sensex flat, Nifty tests 23,900 in choppy trade; Eicher Motors, TCP, Infosys, Wipro, TCS among top losersBusinessLine