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Nifty IT Rebounds In October After A 36% Fall From Record. But Has The Rally Gone Too Far Already?
The Nifty IT index had dropped 36% from its all-time high in July 2026. After slumping 11% in September, the index rallied 17% in October, signalling a sharp recovery in the sector.
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IT Stocks Face Double Whammy: $10 Billion FPI Outflow, Google's $500 Billion Rout
Indian IT has been among the biggest casualties of foreign portfolio investor selling since October 2024, with the sector witnessing net outflows of around $10 billion, according to Jefferies.
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Birlasoft Shares Surge 10% After Q2 Results; Rs 3 Interim Dividend Declared
Birlasoft shares remained in focus after the company announced an interim dividend of Rs 3 per share alongside its second-quarter results. The stock rose more than 10% in early trade
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IT Stocks In Red: Infosys, Coforge, Mphasis Lead Losses; Nifty IT Tanks Over 3%
The Nifty IT index slipped 3.38% as selling pressure hit large-cap and mid-cap IT stocks. Infosys, HCL Technologies, Tech Mahindra, and TCS were among the major losers
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'IT Companies Can Become Growth Stocks For Next Decade', Says Renaissance's Pankaj Murarka
Murarka said IT companies are prioritising investments and growth, while AI revenues and margins are consistently accelerating.
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IT Stocks Rally Up To 5% After TCS Q2 Results, Shrug Off US Green Card Concerns; Coforge, L&T Tech Lead Gains
IT Stocks Today: TCS reported a net profit of Rs 13,884 crore for the September quarter, compared with the analyst estimate of Rs 13,788 crore. Revenue stood at Rs 73,188 crore, ahead of the estimated Rs 73,026 crore.
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IT Stocks Jump: TCS, Infosys, Coforge, Persistent Systems And Others Surge Up To 3% — Here's Why
According to Morgan Stanley, every business and technology cycle creates a different set of opportunities, challenges and beneficiaries. The previous technology cycle saw mid-tier IT companies emerge as outperformers as challengers.
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IT Stocks In Red: Nifty IT Falls Nearly 1%; TCS, Infosys, Wipro, Persistent Top Drag
Citi analyst Surendra Goyal made marginal revisions to FY27-FY29 estimates for TCS to factor in exchange-rate movements and minor operational changes.
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IT Stocks Under Pressure: Oracle Fin Share Price Slides Over 6% On Parent Company Debt Concerns
OFSS declined 6.41% in early trade, while Wipro, Infosys, Coforge and Mphasis also remained under pressure.
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Infosys, TCS, HCLTech, Wipro Share Price Falls In Trade: Three Reasons IT Stocks Are Under Pressure
Among individual stocks, HCL Technologies fell 1.29%, followed by Tech Mahindra at 1.17%, TCS at 1.12%, Wipro at 0.91% and Infosys at 0.80%.
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IT Stocks Rally: Mphasis, HCL Tech, Tech Mahindra Surge Up To 7%; Nifty IT Index Zooms 5%
Among individual stocks, Mphasis led the gains, climbing as much as 7.24% intraday, followed by HCL Technologies, L&T Technology Services and Tech Mahindra, which also gained more than 6% at their respective intraday highs.
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Nifty IT Tumbles 2%: Infosys, LTM, Mphasis, Tech Mahindra Fall Up To 3% — Why?
The Nifty IT index dropped as much as 1.97% to an intraday low of 30,088.05. At 9:40 am, the index was trading 1.87% lower at 30,122.25, while the benchmark Nifty50 was down 0.26% at 23,837.
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UBS Upgrades Coforge, Tech Mahindra, Mphasis; Cuts HCL Tech, Persistent — Target Prices Hiked Up To 59%
UBS has upgraded Tech Mahindra to Buy from Neutral and raised its target price to Rs 1,865 from Rs 1,460. The brokerage has also upgraded Coforge to Buy from Neutral, with the target price sharply increased to Rs 2,400 from Rs 1,505.
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Infosys, LTM, Coforge Lead The Charge As Nifty IT Index Rallies For Second Straight Day
All stocks in the Nifty IT pack traded in green with Coforge and Infosys up over 3% and 2% respectively in early trade. The positive momentum lifted the Nifty IT index by 2% after the opening bell.
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Midcap IT Stocks Coforge, Persistent Systems Lead Gains As CLSA Favours Them Over TCS, Infosys
Persistent Systems rose as much as 2.47%, while Coforge gained 2.18%. The gains came after CLSA retained a High Conviction Outperform rating on both stocks.
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Nifty IT Rebounds In October After A 36% Fall From Record. But Has The Rally Gone Too Far Already?
The Nifty IT index had dropped 36% from its all-time high in July 2026. After slumping 11% in September, the index rallied 17% in October, signalling a sharp recovery in the sector.
-
IT Stocks Face Double Whammy: $10 Billion FPI Outflow, Google's $500 Billion Rout
Indian IT has been among the biggest casualties of foreign portfolio investor selling since October 2024, with the sector witnessing net outflows of around $10 billion, according to Jefferies.
-
Birlasoft Shares Surge 10% After Q2 Results; Rs 3 Interim Dividend Declared
Birlasoft shares remained in focus after the company announced an interim dividend of Rs 3 per share alongside its second-quarter results. The stock rose more than 10% in early trade
-
IT Stocks In Red: Infosys, Coforge, Mphasis Lead Losses; Nifty IT Tanks Over 3%
The Nifty IT index slipped 3.38% as selling pressure hit large-cap and mid-cap IT stocks. Infosys, HCL Technologies, Tech Mahindra, and TCS were among the major losers
-
'IT Companies Can Become Growth Stocks For Next Decade', Says Renaissance's Pankaj Murarka
Murarka said IT companies are prioritising investments and growth, while AI revenues and margins are consistently accelerating.
-
IT Stocks Rally Up To 5% After TCS Q2 Results, Shrug Off US Green Card Concerns; Coforge, L&T Tech Lead Gains
IT Stocks Today: TCS reported a net profit of Rs 13,884 crore for the September quarter, compared with the analyst estimate of Rs 13,788 crore. Revenue stood at Rs 73,188 crore, ahead of the estimated Rs 73,026 crore.
-
IT Stocks Jump: TCS, Infosys, Coforge, Persistent Systems And Others Surge Up To 3% — Here's Why
According to Morgan Stanley, every business and technology cycle creates a different set of opportunities, challenges and beneficiaries. The previous technology cycle saw mid-tier IT companies emerge as outperformers as challengers.
-
IT Stocks In Red: Nifty IT Falls Nearly 1%; TCS, Infosys, Wipro, Persistent Top Drag
Citi analyst Surendra Goyal made marginal revisions to FY27-FY29 estimates for TCS to factor in exchange-rate movements and minor operational changes.
-
IT Stocks Under Pressure: Oracle Fin Share Price Slides Over 6% On Parent Company Debt Concerns
OFSS declined 6.41% in early trade, while Wipro, Infosys, Coforge and Mphasis also remained under pressure.
-
Infosys, TCS, HCLTech, Wipro Share Price Falls In Trade: Three Reasons IT Stocks Are Under Pressure
Among individual stocks, HCL Technologies fell 1.29%, followed by Tech Mahindra at 1.17%, TCS at 1.12%, Wipro at 0.91% and Infosys at 0.80%.
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IT Stocks Rally: Mphasis, HCL Tech, Tech Mahindra Surge Up To 7%; Nifty IT Index Zooms 5%
Among individual stocks, Mphasis led the gains, climbing as much as 7.24% intraday, followed by HCL Technologies, L&T Technology Services and Tech Mahindra, which also gained more than 6% at their respective intraday highs.
-
Nifty IT Tumbles 2%: Infosys, LTM, Mphasis, Tech Mahindra Fall Up To 3% — Why?
The Nifty IT index dropped as much as 1.97% to an intraday low of 30,088.05. At 9:40 am, the index was trading 1.87% lower at 30,122.25, while the benchmark Nifty50 was down 0.26% at 23,837.
-
UBS Upgrades Coforge, Tech Mahindra, Mphasis; Cuts HCL Tech, Persistent — Target Prices Hiked Up To 59%
UBS has upgraded Tech Mahindra to Buy from Neutral and raised its target price to Rs 1,865 from Rs 1,460. The brokerage has also upgraded Coforge to Buy from Neutral, with the target price sharply increased to Rs 2,400 from Rs 1,505.
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Infosys, LTM, Coforge Lead The Charge As Nifty IT Index Rallies For Second Straight Day
All stocks in the Nifty IT pack traded in green with Coforge and Infosys up over 3% and 2% respectively in early trade. The positive momentum lifted the Nifty IT index by 2% after the opening bell.
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Midcap IT Stocks Coforge, Persistent Systems Lead Gains As CLSA Favours Them Over TCS, Infosys
Persistent Systems rose as much as 2.47%, while Coforge gained 2.18%. The gains came after CLSA retained a High Conviction Outperform rating on both stocks.
