TCS Q2
Sensex closes at highest level since Mideast war began, Nifty ends near 25,300. More gains ahead?
The Indian stock market rallied sharply on Thursday, with Sensex crossing 82,200 and Nifty surpassing 25,350 for the first time since the Middle East conflict began in late February. The gains added over ₹3 lakh crore to the combined market capitalisation of BSE-listed companies.
Why did market rally today? Sensex ends 1,718 pts higher, Nifty reclaims 25,000 as D-Street concludes bumper week. 4 factors behind today’s gains
In a surprising turn of events on Friday, both Sensex and Nifty soared by more than 2%, contrasting with the downturn seen in global markets. This upward movement was sparked by a historic influx of share purchases by foreign investors, emphasizing their belief in India's financial potential. Mahindra & Mahindra shone bright with robust earnings information, though broader markets faced challenges.
Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead?
Indian equities turned lower as crude oil prices crossed $116 per barrel, raising concerns about inflation and economic growth. While the Sensex and Nifty posted modest declines, midcap and smallcap indices fell more sharply amid weak market breadth.
Why did market fall today? Sensex falls 353 points, Nifty closes below 22,700 despite Jio’s solid debut; 4 triggers spooking D-Street
In a challenging session, the Indian stock market dipped into the red due to increased oil prices and a slump in IT stocks. Jio Platforms’ promising launch couldn't counter the broader fears stemming from escalating conflicts in the Middle East. Major indices dropped sharply, impacted by worries about inflation and fluctuating bond yields.
IT firms navigate peak pessimism by prioritising growth in stable Q2
Analysts said that artificial intelligence (AI) is becoming a significant revenue driver for the majority of Indian IT companies. However, they cautioned that near-term prospects remain muted due to pricing pressure and AI-driven deflation in traditional services.
Cognizant eyes Sarvam stake; Ather aims for higher market share
Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.
Anthropic IPO rocks Indian IT; Why Walmart is in no hurry to list Flipkart
Anthropic’s US IPO filing sent Indian IT stocks lower on Tuesday. This and more in today’s ETtech Top 5.
Sensex, Nifty close flat while small, midcaps rally. What analysts are saying?
During a day marked by volatility, Indian stock market indices Sensex and Nifty concluded with minor dips, primarily due to oil prices nearing $105 per barrel, instilling caution in the investment community. Conversely, the Nifty Smallcap and Midcap indices thrived, achieving noteworthy gains. Experts suggest that despite pullbacks in IT and private banking segments, the market holds attractive valuations.
Ather rides to profit; Pronto's US AI play
Ather Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
AI services lift IT companies’ Q2 earnings: TCS doubles YoY intake, Infy reports 29% QoQ rise
The latest quarterly results from India's leading IT companies demonstrate remarkable growth, primarily driven by the surge in artificial intelligence services. Tata Consultancy Services saw its AI revenue double year-over-year, and both HCLTech and Infosys reported significant increases in profits and revenues. Wipro took a more cautious approach, not disclosing AI figures but emphasizing transformation for its clients through AI solutions.
AI efficiencies shield Q2 IT margins from transatlantic macro headwinds
HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 basis points to 16.5%, LTM’s edged up 10 basis points to 15.6%, and LTTS’ expanded 60 basis points to 16.3%.
Infosys guidance shock may hit stock despite numbers bounce
Infosys released its quarterly results, showing good revenue growth and stable operating margins. However, the management reduced the annual revenue guidance due to competitive pressures. The company secured a significant $2 billion deal, boosting its total contract value to $5.2 billion. Despite positive performance from some sectors, weaknesses in others contributed to the cautious outlook. The market response led to a rise in the stock price, affecting valuation metrics.
Infosys shares jump 3% ahead of Q2 earnings announcement. What to expect?
Infosys shares rose on Friday ahead of the IT major’s Q2 FY27 results, with analysts expecting an 11% year-on-year rise in revenue and an 8% increase in net profit. Investors will track management commentary on client spending, large deal wins and AI-led pricing pressure, alongside the company’s full-year revenue growth guidance.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
IT companies likely to see 2-3% AI led deflation over the next 1-2 years
The rise of artificial intelligence is anticipated to contribute to ongoing revenue challenges within the IT services sector. Leading firms such as Tata Consultancy Services and Wipro have begun to adapt their revenue models. While some leaders believe AI-related growth may soon balance out traditional losses, worries about AI-induced deflation and reduced discretionary spending linger. Analysts suggest that these trends could persist until at least FY29 during contract renewals.
Rs 8 lakh crore selloff! Sensex plunges 1,400 points from day’s peak as bulls lose steam; 3 triggers
On Wednesday, the Indian stock market saw a significant decline after an initial rise in the morning. Sensex and Nifty both climbed nearly 1% early on, reaching highs of 74,682 and 23,121 respectively. However, the market reversed course in the afternoon session, with selling pressure mounting. By the end of the day, Sensex dropped around 1,400 points from day's high, while Nifty fell below the 22,700 level.
Why is market rising today? Sensex jumps 800 points, Nifty above 23,050. 5 key factors behind D-Street rebound
The Sensex and Nifty rallied nearly 1% as strong Q2 earnings, gains in IT stocks, rupee appreciation and attractive largecap valuations lifted sentiment. However, elevated crude oil prices and rising bond yields remain key risks. Analysts expect market movements to remain stock-specific and driven by corporate earnings.
From worst to best: How IT stocks staged a Rs 2.6 lakh crore revival this week
Indian IT stocks staged a sharp comeback this week, adding Rs 2.6 lakh crore in market value as the sector gained 12% to become the best-performing index. Better-than-expected Q2 earnings, positive management commentary and a selloff in AI-linked stocks helped revive sentiment, even as concerns over AI adoption and earnings growth persist.
Wipro Q2 Results Preview: After TCS & HCL Tech, will this IT major exceed expectations?
Wipro is anticipated to report limited earnings growth for the September quarter due to various pressures. The focus will likely shift to guidance for the future quarter and profit margins. Analysts expect IT revenue to decline slightly despite inorganic contributions from recent acquisitions. The upcoming Q3 guidance is expected to reflect seasonality and economic conditions affecting discretionary spending. Management's commentary on deal activity will be crucial for understanding future performance.
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