IT Sector

Persistent Systems is gaining investor attention with its Nagarro acquisition, AI-led growth strategy, and strong position among India's fast-growing mid-tier IT companies. Discover the stock outlook, key support levels, growth drivers, and risks.

Redington shares rallied after the technology solutions provider posted its highest-ever quarterly profit of ₹486 crore and revenue of ₹34,922 crore, supported by strong growth across mobility, technology, software, and logistics segments.

Xtranet Technologies debuted at ₹136 on the NSE, a 7.09% premium over its IPO price of ₹127, before trimming gains amid profit booking. Here's a complete look at the IPO listing, subscription, investor returns, and business profile.

Indian stock markets ended sharply higher on July 29, 2026, with the Sensex gaining 888.68 points and the Nifty closing at 24,250.20. The rally was driven by sustained buying in IT stocks, positive FII inflows, lower market volatility, and expectations of an unchanged US Federal Reserve interest rate. Infosys led the IT surge, while broad-based gains across FMCG, Metals, Pharma, and Financials boosted overall market sentiment.

Kaynes Technology shares rallied over 13% after reports of semiconductor expansion plans under India Semiconductor Mission 2.0. The company is exploring global partnerships for wafer fabrication, materials, and chip ecosystem development while leveraging its ₹3,307 crore Sanand OSAT facility.

Infosys surged more than 5% in intraday trade after Jefferies upgraded the IT sector and added the company to its India Model Portfolio. Improving AI sentiment and global rotation away from Asian chip stocks further supported the rally.

The Nifty IT index surged nearly 3% and has gained almost 16% in July, driven by strong Q1 FY27 earnings, improving investor sentiment, and global sector rotation. Infosys, TCS, Coforge, LTIMindtree, and Wipro were among the top gainers as the index continued its sharp recovery.

Indian stock markets remained flat on Tuesday, but IT stocks surged as investors shifted focus from global AI hardware concerns toward Indian software companies. TCS, Tech Mahindra and HCLTech led the rally.

Coforge reported a strong Q1 FY27 with revenue rising 49.2% year-on-year, supported primarily by the Encora acquisition. While margins, cash flow, and the record USD 2.23 billion order book impressed investors, underlying organic growth remained modest. The stock rallied over 9% as markets welcomed the company's expanded scale and strong execution.

Indian benchmark indices staged a strong recovery on July 27, 2026, ending a five-session losing streak. The Nifty and Sensex gained nearly 1% each, supported by easing US-Iran tensions, a sharp decline in crude oil prices, improved global sentiment, and strong buying in IT, Media, Realty, and Auto stocks. Infosys led the IT rally following leadership transition news and positive brokerage sentiment.