IT Sector

The Nifty IT index surged nearly 3% and has gained almost 16% in July, driven by strong Q1 FY27 earnings, improving investor sentiment, and global sector rotation. Infosys, TCS, Coforge, LTIMindtree, and Wipro were among the top gainers as the index continued its sharp recovery.

Indian stock markets remained flat on Tuesday, but IT stocks surged as investors shifted focus from global AI hardware concerns toward Indian software companies. TCS, Tech Mahindra and HCLTech led the rally.

Coforge reported a strong Q1 FY27 with revenue rising 49.2% year-on-year, supported primarily by the Encora acquisition. While margins, cash flow, and the record USD 2.23 billion order book impressed investors, underlying organic growth remained modest. The stock rallied over 9% as markets welcomed the company's expanded scale and strong execution.

Indian benchmark indices staged a strong recovery on July 27, 2026, ending a five-session losing streak. The Nifty and Sensex gained nearly 1% each, supported by easing US-Iran tensions, a sharp decline in crude oil prices, improved global sentiment, and strong buying in IT, Media, Realty, and Auto stocks. Infosys led the IT rally following leadership transition news and positive brokerage sentiment.

Indian IT stocks rallied sharply as the Nifty IT index gained 2.45%, with OFSS, Infosys, TCS, HCL Technologies, and Tech Mahindra leading gains. Positive global cues, lower crude prices, and improved investor sentiment supported the sector.

Xtranet Technologies IPO received 4.33x subscription, with retail and NII investors showing strong interest. The latest GMP indicates a potential 5.5% listing gain, while the IT solutions company's valuation remains attractive.

Sensex and Nifty extended losses for the fifth consecutive session as rising crude oil prices, US-Iran tensions, weak Wall Street cues, and higher bond yields weighed on investor sentiment. IT and Media stocks outperformed, while Auto stocks led the decline.

Indian stock market extended its losing streak on July 23, 2026, with the Sensex falling 363 points and the Nifty closing below 23,900. Escalating US-Iran tensions, higher crude oil prices, persistent FII selling, and weak global sentiment weighed on markets, while the Auto sector emerged as the lone outperformer.

Infosys reported strong Q1 FY2027 earnings with revenue growing 14.03% YoY to ₹48,211 crore and PAT rising 12.29% to ₹7,775 crore. AI-led services contributed 8.2% of revenue, while large deal wins stood at $3.6 billion, reflecting healthy business momentum despite margin pressure.

Xtranet Technologies IPO is open for subscription from 23 to 27 July 2026. The ₹166.80 crore book build issue is priced at ₹120–₹127 per share. Explore the company's business, financial performance, IPO dates, valuation, strengths, risks, and detailed review.