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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.
TCS, Infosys: 8 out of 9 Nifty IT stocks trade up to 26% below 200-DMA
The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.
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.
IT stocks stage a sharp rebound but ICICI Securities downgrades seven of them
ICICI Securities has downgraded TCS, HCLTech, Wipro, Tech Mahindra, LTM, Hexaware Tech and LatentView Analytics and also cut its price target on these stocks in its note.
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.
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.
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