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Nifty IT logs best run in a year at 4%; TCS, Infosys lead way
Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain in a year. This rally is supported by improving global software sentiment and expanding enterprise AI adoption. Factors like rupee depreciation and strong orderbooks also contribute. Analysts anticipate further upward movement in the IT benchmark.
IT shares surge most in a year, helping benchmarks end losing streak
The Nifty IT index jumped 4.2 per cent, its biggest single-day gain since May 2025, as optimism around AI adoption and software spending boosted sentiment
Multibagger Penny Stock Below Rs 20: IT Software Company Reports FY26 Results, Crosses Rs 1,000 Crore Revenue Milestone - Dalal Street Investment Journal
Multibagger Penny Stock Below Rs 20: IT Software Company Reports FY26 Results, Crosses Rs 1,000 Crore Revenue MilestoneDalal Street Investment Journal
Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.
Newgen Software Technologies Ltd leads gainers in 'A' group
Concord Biotech Ltd, ACME Solar Holdings Ltd, Sky Gold & Diamonds Ltd and Tata Consultancy Services Ltd are among the other gainers in the BSE's 'A' group today, 02 June 2026.
'Promise Of AI': Nvidia CEO Sees Tech Jobs Growing; Trashes Mass Unemployment Fears
Nvidia's Jensen Huang said AI is creating, not destroying, software engineering jobs as companies increasingly adopt the technology.
Nifty IT jumps over 2.5% as strong US software earnings revive sector optimism
Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%.
Ather Energy shares can rally till Rs 1,450, says CLSA, citing twin engine
CLSA sees nearly 60% upside in Ather Energy, initiating coverage with an “Outperform” rating and a Rs 1,450 target. The brokerage cites a “twin engine” of cost deflation and premiumisation, strong software-led revenues, and improving unit economics, expecting EBITDA breakeven by FY28 and significant margin expansion through FY31–32.
Tata Elxsi launches AnaTel, an AI native software development platform
For healthcare and medical technology companies
Tata Elxsi launches AI tool to help healthcare firms get medical software approved faster
Tata Elxsi has launched AnaTel, an AI-native software development platform for healthcare and medical technology companies, co-developed with OpenAna.
HFCL receives a purchase order of Rs 135 cr from RailTel
The Company had earlier undertaken the implementation of the Secure OPS Network for Indian defence forces under a project awarded by RailTel. The Company has successfully completed the design, supply, installation, and commissioning of one central data centre and 120 mini data centres at Indian defence establishments across the Country. The scope of the project included establishment of a secure defence communication network comprising hardware, software, and data centre infrastructure, along with AI-enabled network security, and was executed in accordance with the stipulated contractual requirements and prescribed technical and security specifications.
Oracle Financial Services Software Ltd spurts 4.86%, gains for third straight session
Oracle Financial Services Software Ltd is quoting at Rs 10362.5, up 4.86% on the day as on 12:49 IST on the NSE. The stock is up 21.68% in last one year as compared to a 3.32% drop in NIFTY and a 22.81% drop in the Nifty IT index.