IT Sector

The Indian stock market extended its gains on July 2, 2026, with the Nifty closing at 24,175.70 and the Sensex rising 579 points. A strong rebound in IT stocks, lower Brent crude prices, easing US-Iran tensions, a stronger rupee, and lower India VIX boosted investor confidence, while Realty, Auto, Chemicals, Cement, and Consumer Durables also ended in positive territory.

The Nifty IT index rebounded sharply on July 2, rising over 3% after four consecutive sessions of losses. Buying was led by Infosys, HCLTech, TCS, Tech Mahindra and Wipro, while mid-cap IT stocks also witnessed strong gains despite weak global technology cues.

KPIT Technologies slipped to a fresh 52-week low following a weak Q1 FY27 update, margin pressure, and reduced spending from European automotive clients. Brokerage downgrades, block deals, and sector headwinds further weighed on sentiment, leading to sharp short-term underperformance despite long-term gains.

Indian benchmark indices snapped a two-session losing streak on July 1, 2026, as the Nifty 50 climbed above the 24,000 mark and the Sensex gained 444 points. The rally was driven by easing crude oil prices, positive global cues, strong June auto sales, and broad-based buying in Realty, FMCG, Auto, and financial stocks, while IT remained under pressure amid concerns over slowing global technology spending.

The Indian stock market ended in the red on June 29, 2026, as renewed US-Iran tensions, higher crude oil prices, and profit booking weighed on investor sentiment. Nifty slipped to 23,946 while Sensex lost 372 points. Pharma stocks emerged as the top performers on biosimilar and export optimism, whereas Auto, IT, and Cement sectors witnessed broad-based selling amid cautious global cues.

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.