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Sensex Today Trades Higher | Nifty Above 24,300 | HCL Tech & Tata Steel Top Gainers - Equitymaster

Sensex Today Trades Higher | Nifty Above 24,300 | HCL Tech & Tata Steel Top GainersEquitymaster

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.

Tech Mahindra Share Price Live Updates: Tech Mahindra's three-month returns indicate a decline

HCL Tech Share Price Live Updates: HCL Tech shares zoom 6% after $1.14 billion AI deal with Fortune Global 50 firm

Ferrari's former design house is hanging by a thread—extended by Tech Mahindra

Pininfarina was meant to diversify Tech Mahindra into high-end engineering and design, but a decade after the acquisition, it has become a financial burden.

IT stocks recover on US tech rally, value edge

IT stocks surged on Thursday, with the Nifty IT index climbing over 4.7% and leading gains on the NSE. This rebound followed recent losses, driven by a US tech rally and anticipation of quarterly results. Large-cap firms like Infosys and TCS saw significant jumps, while mid-cap IT stocks also experienced strong buying. Analysts suggest attractive valuations are emerging after a notable correction, hinting at potential further upside.

Top Gainers & Losers on 2 July: Zensar Tech, TCS, Coforge, Apollo Tyres, Bharat Forge, Anant Raj among top gainers

Dalal Street saw gains for the second consecutive day, driven by technology stocks and easing crude oil prices. Nifty 50 rose 0.71% to 24,175, while the Sensex gained 0.75% to 77,502. The Nifty IT index surged 4.5%, marking its biggest gain since January.

Medical device maker Zimmer Biomet to hire 500 employees in 3 years for tech centre in India

Medical device giant Zimmer Biomet is set to significantly expand its Indian footprint by hiring 500 professionals over three years for its new Bengaluru technology hub. Focusing on AI, software engineering, and R&D, the company aims to drive innovation in orthopedic implants and surgical devices. This move underscores India's growing importance as a global capability center for healthcare firms.

Flipkart names Vinay Vaidya as senior VP to bolster tech leadership

Flipkart has appointed Vinay Vaidya as Senior Vice President of Technology for its supply chain, aiming to bolster its tech leadership and advance AI and platform capabilities. Vaidya, with extensive experience from Amazon and Tata Digital, will oversee technology across fulfilment, seller experience, and marketplace operations.

Tata Technologies shares rise 7% on $100 million Tenneco partnership expansion

Tata Technologies' gains also came amid a broader recovery in tech stocks, with the Nifty IT index gaining nearly 4.5%, emerging as the top sectoral gainer on Thursday after witnessing sharp selling in the previous session.

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.