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IT stocks barring Wipro fall up to 4% on renewed AI fears; Here are some recent developments
The Nifty IT index has gained 9% so far this month, with Midcap IT outperforming its largecap peers. Shares of Mphasis, LTIMindtree, Coforge, and Persistent Systems have gained between 12% to 16%, while largecap names like TCS, HCLTech and Wipro have gained between 9% to 10% so far in April.
Sensex Today | Stock Market LIVE Updates: 24,000 remains a Nifty barrier; TCS, IT stocks in focus
Sensex Today | Stock Market LIVE Updates: The spotlight today will be on IT stocks after the TCS results. US-listed shares of Infosys and Wipro had a muted reaction to the numbers.Wipro will also be in focus on the news of its buyback. The other headwind for IT stocks today is the sell-off in SaaS names on Wall Street overnight.
Stocks in news: RIL, TCS, IDFC First Bank, BPCL, SpiceJet
Indian equity markets saw profit booking on April 9, ending a five-day rally. Several companies like RIL, TCS, and IDFC First Bank are in focus due to news and Q4 results. Granules India faces US regulator scrutiny, while SpiceJet is ordered to pay $8 million to an engine lessor.
Stocks to Watch for April 10: TCS, Wipro, HDFC Life and more
From Tata Consultancy Services reporting its Q4 FY26 results to Wipro Ltd announcing a potential share buyback, here are the key stocks to watch ahead of Friday’s trading session.
TCS logs first annual revenue decline since listing despite Q4 recovery
On Thursday, TCS reported a 0.5% decline in full-year revenue in dollar terms to $30.08 billion, alongside a 3.5% rise in net profit. In the fourth quarter, revenue grew 1.5% sequentially to $7.62 billion, indicating a mild pickup in momentum toward the end of the year.
TCS Shares In Focus After First-Ever Annual Revenue Contraction In Dollar Terms
Even during the pandemic-affected fiscal 2021, TCS had managed a marginal growth of 0.6%.
Infosys ADR Slumps 2.6%, Wipro Declines After TCS Logs CC Degrowth In FY26
While the ADR of Wipro fell over 1% at $2.23, Infosys was trading over 2.64% lower at $13.63.
Infosys, Wipro ADRs slip signalling muted start for IT stocks after TCS results
Infosys ADRs dropped as much as 2.6%, while Wipro ADRs were down about 1–2% on the New York Stock Exchange (NYSE), indicating a potentially soft start for the sector in domestic trade.
TCS extends multi-year technology partnership with Marks & Spencer
Shares of Tata Consultancy Services Ltd ended at ₹2,587.75, up by ₹27.95, or 1.09%, on the BSE.
TCS records first-ever drop in dollar revenue growth in FY26: Report
TCS's dollar revenue declined for the first time, attributed to reduced client spending and a challenging market environment. It reported rupee revenue growth of 5.4% QoQ, reaching ₹70,698 crore, while constant currency growth stood at 1.2%.
Trade Setup for April 10: TCS, IT stocks to decide next Nifty move
The Nifty is expected to find support around 23,500 before attempting a rebound, while 24,000 continues to be a key resistance level.
TCS picks up 20-acre land in Kolkata’s New Town through 99-year lease
The West Bengal Housing Infrastructure Development Corporation (WBHIDCO), the state-run nodal agency responsible for developing New Town as a planned urban and technology hub, has allotted the land to the information technology services company.