IT Sector

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.

Taiwan has surpassed India in stock market capitalization, driven by the AI-led surge in semiconductor giant TSMC. Investors are increasingly favoring chip manufacturing economies like Taiwan and South Korea over broader consumption-driven emerging markets.

Wipro has announced its largest-ever ₹15,000 crore share buyback at ₹250 per share, offering a 23% premium to shareholders. Here’s everything investors need to know about the record date, eligibility, retail participation, and expected acceptance ratio.

Indian equity markets ended higher on May 22, 2026, supported by easing geopolitical tensions, declining crude oil prices, and a sharp recovery in the rupee. Banking and financial stocks led the rally, while Pharma, IT, and Media sectors remained under pressure amid selective profit booking and earnings reactions.

Indian benchmark indices staged a strong intraday recovery on May 18, 2026, despite a sharp opening selloff caused by escalating US-Iran tensions, Brent crude crossing $111 per barrel, and the rupee hitting record lows. IT and pharma stocks supported the rebound as Nifty and Sensex closed marginally in the green.

Indian IT stocks outperformed the broader market on Monday, supported by a weaker rupee, strong US technology cues, and optimism around AI-led digital transformation demand. Stocks including Infosys, Tech Mahindra, Coforge, and Persistent Systems witnessed strong gains as investors turned bullish on export-oriented technology companies.

Tata Elxsi shares touched a new 52-week low of ₹3,945 amid intense selling pressure across IT stocks. Rising concerns over AI-led disruption, weak global technology sentiment, and fears around changing outsourcing models weighed heavily on investor confidence despite the company reporting record quarterly revenue and profitability.

The Indian benchmark indices staged a strong recovery on May 14, 2026, driven by strong quarterly earnings, bargain buying, and improving global sentiment. Pharma, healthcare, metal, and financial stocks witnessed robust gains, while IT shares remained under pressure due to rising concerns over AI-led disruption in the outsourcing sector. Cipla, Adani Enterprises, Bharti Airtel, and Zydus Lifesciences emerged among the top trending stocks of the day.

Zaggle posted strong Q4FY26 earnings with profit rising 30.4% YoY and revenue jumping nearly 50%. The company also guided for 40% revenue growth in FY27, backed by AI-led expansion and overseas growth plans.

Indian IT shares extended losses for the fourth consecutive session as investors reacted to growing fears of AI-led disruption in the outsourcing industry. Nifty IT has declined over 11% in the past 30 days, with Infosys, TCS, HCL Tech, Wipro, and Tech Mahindra witnessing steep corrections amid concerns over OpenAI’s aggressive AI deployment expansion, weak global demand, and pressure on traditional IT business models.