Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Midcap IT stocks see gains of up to 14% led by Firstsource, Sonata Software
Firstsource Solutions led the pack, surging 14% — its biggest single-day gain since December 2020. Coforge rose 4%, while Mphasis advanced 2% during the session.
Nodwin Gaming eyes IPO momentum, inducts Manish Agarwal to board
Agarwal had steered Nazara through its 2021 listing. Nodwin, backed by the likes of South Korean gaming software developer Krafton Inc and Japan's Sony Group Corp, is working on a pre-IPO fundraise, where it aims to secure capital from new and existing investors.
S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
BEL bags ₹1,011 crore in fresh defence orders, boosting order book
BEL secured orders worth ₹1,011 crore since Feb 25, 2026, including communication equipment, radar systems, and software. BEL reported Q3 revenue of ₹7,122 crore, up 23.7%.
These stocks have gained up to 10% led by order wins over the weekend
Apart from VA Tech Wabag, Data Patterns and SEAMEC, other companies that have won orders include RailTel, which has won an order worth ₹34 crore from the South Central Railway, Dilip Buildcon has emerged as the lowest bidder for a ₹160 crore EPC road project, and Newgen Software, which has bagged a ₹20.5 crore order form Kuwait.
Atlassian layoffs: Software giant cuts 10% of workforce to ‘self-fund AI investment’
Atlassian announced a 10% workforce reduction, affecting 1,600 employees, to boost investments in AI and enterprise sales. Following the news, shares rose by 2%. Co-founder Mike Cannon-Brookes acknowledged the difficult decision in a memo to employees.
GCCs managed to ward off AI impact on hiring—not anymore
Novartis, Celanese, Eli Lilly and Hyundai have opened AI-dedicated centres to explore automation of internal processes and segments. New AI tools that can automate finance, legal, HR, and software development-related tasks threaten the workforce at GCCs.
Nayara Energy lawsuit against SAP over software service halt in Delhi HC next week
Nayara Energy is taking SAP India to the Delhi High Court. SAP suspended critical software services for Nayara, citing European Union sanctions. Nayara argues its contract is with SAP India, an Indian company, and not subject to foreign sanctions. The court will hear the case next week. This dispute highlights foreign law impacting Indian operations and energy security.
AI rocks the tech boat, but an island of calm is in sight
ER&D firms that build complex hardware and the associated software may be less vulnerable to the AI apocalypse. The reason: Much of their work goes into creating physical products, with repetitive and software work contributing only a small part.
Newgen Software Technologies' US subsidiary bags $1.495 million Caribbean contract
Shares of Newgen Software Technologies Ltd ended at ₹488.10, down by ₹21.05, or 4.13%, on the BSE.
Goldman Says It’s Unlike Private Credit Peers Hit by Redemptions
Goldman Sachs Group Inc.’s asset management arm has sought to reassure clients that redemption rates and software exposure are both relatively low in one of its biggest retail-oriented private credit funds.
A Sydney-based hedge fund calls a 'bottom' for software stocks, buys beaten down names
GCQ Funds Management's CIO Doug Tynan went on to term the recent software sell-off as "one of the most illogical market sell-offs I have ever seen."