IT Sector

Indian benchmark indices ended in the red on June 3, 2026, dragged by a sharp sell-off in IT stocks after recent AI-driven gains. Rising crude oil prices, US-Iran tensions, FII outflows, and caution ahead of the RBI policy meeting weighed on sentiment. However, banking stocks outperformed, helping Bank Nifty close nearly 1% higher.

IT stocks witnessed heavy selling pressure on Wednesday, with the Nifty IT index falling 4.66% as investors booked profits following a strong AI-led rally. Weakness in global technology stocks, ADR declines, and concerns over the pace of AI monetization added to the correction.

Indian benchmark indices rebounded on June 2, 2026, ending a four-session losing streak as a powerful rally in IT stocks lifted market sentiment. Nifty IT surged over 4%, supported by AI-driven growth expectations, positive global technology cues, and strong buying in large-cap tech stocks such as TCS, Infosys, and HCL Technologies. While consumer sectors also advanced, banking and financial stocks remained under pressure amid concerns over rising crude oil prices and inflation risks.

Infosys has partnered with Handelsblatt Media Group to launch Editorial Link Intelligence (ELI), an AI-powered editorial engine built on Infosys Aster. The solution enhances content discovery, improves editorial workflows, and serves as another production-scale proof point of Infosys' growing enterprise AI capabilities.

Coforge has unveiled the Nexa Agentic AI Platform, an AI-driven insurance operations solution designed to help insurers improve efficiency, accelerate product launches, modernize legacy systems, and reduce costs. The launch marks a significant step in Coforge's transformation into an AI-native technology company.

Indian IT stocks have surged as investors bet on accelerating AI spending, resilient global technology demand, potential US Federal Reserve rate cuts, and attractive valuations after a sharp correction. Here's what's driving the sector's recovery and what investors should watch next.

Anthropic has officially begun the IPO process, positioning itself ahead of OpenAI in the race to public markets. With a reported $965 billion valuation, explosive revenue growth, and strong enterprise adoption of its Claude AI ecosystem, the company could become one of the most important AI listings in history. Here's what investors need to know.

MSCI's latest index rebalancing is expected to drive significant passive fund flows across Indian equities. Federal Bank, MCX, NALCO and Indian Bank emerge as key beneficiaries, while Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and RVNL face selling pressure due to exclusions.

TCS faces mixed investor sentiment after reportedly losing part of its Royal Bank of Canada mandate while winning a multi-million-dollar AI transformation contract with SKF. Here's what the developments mean for TCS shareholders and future growth prospects.

Netweb Technologies rallied 14% after CRISIL upgraded its long-term credit rating to A+/Stable. The upgrade highlights strong revenue growth, expanding AI infrastructure opportunities, a robust ₹2,400 crore order pipeline, and healthy liquidity, while investors continue to monitor margins and working capital trends.