Indian IT stocks witnessed heavy selling pressure after OpenAI unveiled its new AI-focused Deployment Company, raising fears that enterprises may increasingly bypass traditional outsourcing firms. Infosys and TCS plunged to fresh 52-week lows amid concerns over slowing global tech spending, weak discretionary demand, delayed deal closures, and growing AI disruption risks.
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Revenue from operations for the quarter slipped 2.7% year on year to ₹34,075.8 crore, down from ₹35,031.2 crore recorded in the year ago period
Earnings before interest, tax, depreciation, and amortisation more than doubled to ₹208.5 crore in Q3 FY26 from ₹103 crore reported a year earlier.
Earnings before interest, tax, depreciation and amortisation rose 18% year on year to ₹292.5 crore, up from ₹247.7 crore reported in Q3 of the previous financial year.
The company posted a net profit of ₹323.8 crore for the quarter ended December 2025
On a sequential basis, revenue grew 10.2% from ₹4,292.34 crore, reflecting higher realisations and better volumes during the quarter.
Revenue from operations for the quarter rose 21.2% year on year to ₹15,378.24 crore, compared with ₹12,688.96 crore in Q3 FY25.
Indian benchmark indices ended sharply lower on May 12, 2026, with Sensex falling 1,456 points and Nifty closing at 23,379. Rising crude oil prices, persistent US-Iran tensions, rupee weakness, and heavy selling in IT stocks after OpenAI’s new AI deployment business announcement triggered broad-based market weakness. Realty, IT, defence, and financial stocks led the decline, while ONGC gained on government royalty cuts for crude and natural gas production.
Indian equity markets corrected sharply as investors reacted to rising oil prices, a weakening rupee, and fears of tighter forex conservation policies. The selloff highlighted growing concerns over slowing consumption growth, inflation pressures, and India’s external vulnerabilities, while sectors linked to EVs, renewables, and localisation emerged as long-term structural winners.
Indian benchmark indices ended sharply lower on May 8, 2026, with the Sensex dropping 516 points and Nifty closing at 24,176 amid escalating US-Iran tensions and rising crude oil prices. Banking stocks remained under heavy pressure after SBI’s weak Q4 earnings, while IT and FMCG sectors outperformed on defensive buying interest. Titan hit a 52-week high after strong results, whereas Coal India declined on stake sale concerns.
Gold prices extended gains on Thursday as investors closely tracked diplomatic developments between the United States and Iran, while awaiting key US economic data for clues on Federal Reserve policy. COMEX gold futures climbed above $4,740, with spot gold holding near recent highs after a sharp rally in the previous session. A weaker US dollar, softer oil prices, and expectations of potential US rate cuts continued to support bullion demand, while domestic MCX gold prices also remained firm amid persistent geopolitical uncertainty.
Indian benchmark indices ended sharply lower on May 12, 2026, with Sensex falling 1,456 points and Nifty closing at 23,379. Rising crude oil prices, persistent US-Iran tensions, rupee weakness, and heavy selling in IT stocks after OpenAI’s new AI deployment business announcement triggered broad-based market weakness. Realty, IT, defence, and financial stocks led the decline, while ONGC gained on government royalty cuts for crude and natural gas production.
Indian equity markets corrected sharply as investors reacted to rising oil prices, a weakening rupee, and fears of tighter forex conservation policies. The selloff highlighted growing concerns over slowing consumption growth, inflation pressures, and India’s external vulnerabilities, while sectors linked to EVs, renewables, and localisation emerged as long-term structural winners.
Indian benchmark indices ended sharply lower on May 8, 2026, with the Sensex dropping 516 points and Nifty closing at 24,176 amid escalating US-Iran tensions and rising crude oil prices. Banking stocks remained under heavy pressure after SBI’s weak Q4 earnings, while IT and FMCG sectors outperformed on defensive buying interest. Titan hit a 52-week high after strong results, whereas Coal India declined on stake sale concerns.
Gold prices extended gains on Thursday as investors closely tracked diplomatic developments between the United States and Iran, while awaiting key US economic data for clues on Federal Reserve policy. COMEX gold futures climbed above $4,740, with spot gold holding near recent highs after a sharp rally in the previous session. A weaker US dollar, softer oil prices, and expectations of potential US rate cuts continued to support bullion demand, while domestic MCX gold prices also remained firm amid persistent geopolitical uncertainty.
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