IT Sector

Micron posted record Q3 FY2026 results with revenue soaring to $41.46 billion and net income reaching $28.24 billion. Strong AI-driven demand, expanding margins, robust cash flow, and a bullish Q4 outlook highlight the semiconductor giant's continued growth momentum.

The Indian stock market staged a strong recovery on June 24, 2026, with Nifty closing above 24,000 and Sensex surging 790 points. Easing rate hike concerns after RBI Governor Sanjay Malhotra's comments, falling crude oil prices, sustained FII inflows, and optimism surrounding an India-US trade agreement fueled broad-based gains, led by banking, IT, and realty stocks.

Indian stock markets witnessed a strong rebound as the Sensex jumped over 900 points and Nifty crossed 24,050. RBI's dovish stance, falling crude oil prices, positive global cues, FII inflows, and optimism over an India-US trade deal fueled the rally.

CSM Technologies IPO opens on June 24, 2026, aiming to raise ₹145.78 crore. Explore IPO details, GMP trend, subscription status, financial performance, strengths, risks, and whether investors should apply for listing gains or long-term growth.

Indian Benchmark indices ended sharply lower on June 23, 2026, as a 10% crash in South Korea's Kospi, weakness in IT stocks following Accenture's cautious outlook, and renewed concerns over higher US interest rates triggered broad-based selling. Nifty fell 278.80 points to 23,824.10, while Sensex declined 893.39 points to 76,200.68. Metal and IT stocks led losses, while Pharma emerged as the lone sectoral gainer amid defensive buying.

Indian benchmark indices extended gains on June 22, 2026, as easing geopolitical tensions, falling crude oil prices, strong buying in Reliance Industries after its AGM, recovering IT stocks, and robust foreign investor inflows supported market sentiment. Nifty closed above 24,100, Sensex rose nearly 300 points, and Pharma, Healthcare, Media, and Oil & Gas sectors emerged as top performers.

Infosys plunged to a new 52-week low of ₹1,030 amid a broad IT sector correction sparked by Accenture's weaker revenue outlook. The stock has significantly underperformed benchmark indices due to concerns around slowing global IT spending, AI-driven industry disruption, geopolitical risks, and weakening demand visibility. Heavy selling pressure erased nearly ₹40,000 crore in market value as investors reassessed growth prospects for the sector.

Indian benchmark indices snapped a five-session winning streak on June 19, 2026, with Nifty closing at 24,013 and Sensex falling 607 points. Weak guidance from Accenture sparked a broad IT sector sell-off, while profit booking and renewed FII selling further weighed on sentiment. Pharma and Defence stocks provided some support amid the broader market weakness.

Indian IT stocks witnessed heavy selling pressure after Accenture trimmed its FY27 revenue growth forecast, triggering concerns over global technology spending. Nifty IT plunged more than 6%, while Infosys, TCS, HCL Tech, Tech Mahindra, LTIMindtree, Persistent Systems, and Mphasis fell sharply. Despite strong quarterly results, Accenture's subdued outlook and concerns around discretionary IT spending weighed heavily on investor sentiment.

Indian IT stocks tumbled up to 8% after Accenture cut the upper end of its FY26 revenue growth guidance, signaling continued caution in enterprise technology spending. While AI, cloud, and cybersecurity investments remain strong, weakness in discretionary spending, slower deal conversions, and pressure on managed services bookings have raised concerns about near-term growth for Indian IT companies such as Infosys, TCS, Wipro, HCLTech, Tech Mahindra, LTIMindtree, and Persistent Systems.