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Asian stocks head for worst week in six years as West Asia conflict escalates
Higher oil prices have also revived concerns about inflation and monetary policy. Treasury yields rose during the previous US session as investors weighed the possibility that persistent energy price pressures could complicate the Federal Reserve’s rate-cut path.
The two defence stocks this portfolio manager likes
Conrad Saldanha, MD & Portfolio Manager of Neuberger Berman, says market uncertainty due to Middle East tensions has created selective long-term opportunities. He sees attractive valuations emerging in global IT services after a sharp correction, while tech fundamentals remain strong. In India, he is selectively adding large caps like Reliance Industries and Bharti Airtel and likes IT midcaps such as Coforge and Persistent Systems as well as defence play Data Patterns, on weakness. Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Infosys, Persistent, other IT stocks rise up to 3% after tech rally following strong Nvidia earnings
Indian IT stocks are poised for focus following Nvidia's robust quarterly earnings, which spurred a Wall Street rally. This positive sentiment emerges amidst recent volatility in the IT sector, triggered by AI startup Anthropic's new tools. Analysts suggest the AI technology cycle is in its early monetization phase, with Indian IT firms expected to benefit significantly from increased AI spending.
Underweight on IT, but positive on these mid-size firms: Quest Investment CIO
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Managers, prefers product companies and mid-size IT firms such as Oracle Financial Services and Persistent Systems, expecting stronger growth in this segment than in large-cap IT, even as he maintains an overall underweight stance on the sector.
Buy Persistent Systems; target of Rs 6200: Motilal Oswal
Motilal Oswal recommended is bullish on Persistent Systems recommended buy rating on the stock with a target price of Rs 6200 in its research report dated Jun 22, 2026.
First Tick: Top global cues to watch in today’s trade
FIIs continued their selling streak on June 10, offloading equities worth Rs 2,124 crore. In contrast, DIIs remained net buyers, purchasing equities worth Rs 3,123 crore, providing support to the domestic market amid persistent foreign fund outflows.
IT index plunges over 3.5% after OpenAI announces new AI deployment company; TCS, Persistent top losers
IT shares came under heavy selling pressure, dragging the Nifty IT index down 3.7% to its lowest level since May 2023.
Buy Persistent Systems; target of Rs 6200: Motilal Oswal
Motilal Oswal is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6200 in its research report dated April 21, 2026.
IT index rises over 2%, snaps 4-day losses: Persistent, OFSS, others gain up to 3.5%
Nifty IT index was the top sectoral gainer during the session, climbing 2.75% intraday.
IT index extends rise, jumps nearly 4% in 2 days as rupee depreciates; Persistent, Coforge top gainers
Nifty IT index has gained about 4% in the last two sessions after witnessing a steep correction last week amid concerns over new AI deployments by OpenAI.
IT shares fall for fourth day on weak sentiment over OpenAI deployment company; Persistent, HCLTech down up to 5%
Nifty IT index declined nearly 3 percent even as benchmark indices Sensex and Nifty traded higher.