IT Sector

MTAR Technologies shares surged nearly 10% to hit a fresh all-time high after the company announced a ₹2,278 crore international order win. Strong FY27 guidance, AI data-centre opportunities, and expanding aerospace and defence exposure boosted investor sentiment around MTAR share price.

Kaynes Technology shares plunged more than 19% after the company reported weak Q4FY26 earnings and JPMorgan downgraded the stock to “Neutral.” While revenue grew strongly, margin contraction, lower profitability, and rising working capital concerns triggered sharp selling pressure in the stock.

Indian IT stocks witnessed heavy selling pressure after OpenAI unveiled its new AI-focused Deployment Company, raising fears that enterprises may increasingly bypass traditional outsourcing firms. Infosys and TCS plunged to fresh 52-week lows amid concerns over slowing global tech spending, weak discretionary demand, delayed deal closures, and growing AI disruption risks.

Indian benchmark indices ended sharply lower on May 12, 2026, with Sensex falling 1,456 points and Nifty closing at 23,379. Rising crude oil prices, persistent US-Iran tensions, rupee weakness, and heavy selling in IT stocks after OpenAI’s new AI deployment business announcement triggered broad-based market weakness. Realty, IT, defence, and financial stocks led the decline, while ONGC gained on government royalty cuts for crude and natural gas production.

Indian IT stocks witnessed selling pressure after OpenAI’s new deployment-focused initiative raised fears that AI companies may increasingly move into enterprise consulting, workflow redesign, and transformation services — areas traditionally dominated by firms like TCS, Infosys, and HCLTech. Investors worry that generative AI could disrupt the labor-intensive outsourcing model by reducing project sizes, compressing billing rates, and automating software development workflows, forcing the Indian IT industry into a major structural transition.

Indian benchmark indices closed range-bound on May 7, 2026, with Nifty ending flat at 24,326 and Sensex slipping 114 points. Defence and Auto stocks outperformed on easing crude oil prices and strong earnings momentum, while IT, FMCG, and Consumer Durables witnessed profit booking amid geopolitical uncertainty and mixed Q4 results.

Benchmark indices closed in the red with Nifty at 24,044 and Sensex at 77,132, weighed down by global uncertainty, surging oil prices, and foreign investor outflows. While select stocks like Bajaj Auto and Bajaj Finance showed strength, sectors such as metals, PSU banks, and realty faced sharp declines in a risk-off market environment.

Shares of Tanla Platforms surged 20% as investors turn optimistic on the back of strong Q4 results and dividend annoucement by the company

Wipro reported a stable Q4 FY26 performance with 8% YoY revenue growth and strong large deal momentum of $1.44 billion. While profits were broadly flat year-on-year, the company highlighted an AI-first strategy, vendor consolidation trends, and steady margin performance amid a cautious IT spending environment.

The Indian stock market rallied sharply with the BSE Sensex gaining 1,264 points and the Nifty 50 crossing 24,200, driven by easing geopolitical tensions, softer oil prices, and strong global cues. Broad-based buying and positive technical signals indicate continued short-term momentum.