IT Sector

Sensex fell 876 points to 73,852.90 and Nifty declined 1.11% to 22,888.95 on October 19, 2026. Banking and IT stocks led losses amid earnings concerns, elevated crude oil prices and foreign investor outflows.

Tech Mahindra reported a 33% year-on-year rise in Q2 FY27 net profit to ₹1,586 crore, with revenue increasing 15.6% to ₹16,180 crore. The company declared an interim dividend of ₹15 per share and recommended a 1:1 bonus issue, subject to shareholder approval.

The Sensex gained 745 points and the Nifty rose 1.13% on October 9, 2026, as TCS earnings lifted IT stocks and buying spread to banking, financial services and FMCG shares. Lower crude prices and a fall in India VIX supported sentiment, while global risks remained.

Indian IT stocks traded higher despite the US suspension of several technology companies from the PERM Green Card process. TCS led the gains after its Q2 FY27 results, while investors assessed the potential impact on hiring, employee retention and operating costs.

TCS shares gained 5.46% after Q2 FY27 net profit rose 4% QoQ to ₹13,884 crore. Revenue increased 11.2% YoY to ₹73,188 crore, while annualised AI revenue reached $3.1 billion and deal wins stood at $9.6 billion.

The Indian stock market is under pressure as geopolitical tensions, rising crude oil prices, higher US Treasury yields, rupee weakness and foreign investor selling trigger a broad-based sell-off in Nifty and Sensex.

Nifty Today: Indian markets faced heavy selling pressure as Nifty fell 370 points, crude oil surged above $105 and India VIX jumped 25%. US bond yields and geopolitical tensions added to market volatility.

OFSS shares fell 6.48% in early trade after reports that $18 billion of loans linked to Oracle's Project Jupiter data centre in New Mexico have come under pressure. Here's what investors need to know.

Indian benchmark indices ended higher on September 10, 2026, snapping a three-session losing streak. Nifty and Sensex gained 0.20% and 0.19%, respectively, led by banking and financial stocks, while crude oil above $100, rupee weakness and pressure in auto and metal stocks kept gains limited.

ESDS Software Solutions shares gained 7.52% to ₹1,546.90 on September 10, extending their winning streak to five sessions. The stock has surged more than 260% from its IPO price of ₹429 after a blockbuster listing.