IT Sector

Hyderabad-based Skyroot Aerospace scripted history with the successful launch of Vikram-1, India's first privately developed orbital-class rocket. Mission Aagaman carried multiple domestic and international payloads into Low Earth Orbit, marking a major milestone for India's commercial space sector.

Tech Mahindra reported a strong Q1 FY27 performance with higher revenue, improved margins, strong deal wins above $1 billion for the third consecutive quarter, and better attrition levels. Shares gained 1.13% after the results announcement.

Wipro reported a mixed Q1 FY27 performance with marginal profit growth, higher revenue, and strong large deal bookings, but operating margins declined due to wage hikes, lower utilisation, and continued investments. The IT major expects a subdued Q2 outlook.

ABB India shares surged to a fresh 52-week high after parent ABB posted record Q2 CY2026 results, highlighted by a 30% jump in global orders and an 81% rise in India order inflows. Strong financial performance, a $75 million India investment plan, and a healthy domestic order book boosted investor confidence.

Indian benchmark indices ended largely unchanged on July 16, 2026, with IT and Auto stocks supporting the market while Realty and Financial Services lagged. Rising Brent crude prices, fresh US-Iran tensions, weak global cues, and profit booking ahead of the Q1 earnings season kept investor sentiment cautious despite selective sectoral gains.

The Union Cabinet’s latest approvals are set to transform India’s manufacturing landscape. Semicon 2.0 with a ₹1.275 lakh crore outlay, mobile phone manufacturing incentives, urea policy reforms, and railway infrastructure projects are expected to boost semiconductor, electronics, capital goods, fertilizer, and infrastructure sectors. Discover the industries and listed companies likely to remain in focus.

For a company that has survived depressions, dot-com busts, and two world wars, IBM's stock has never fallen this far, this fast. The reason isn't a scandal or a fraud. It's something more unsettling: the company simply didn't see its own customers changing their minds fast enough.

Tata Elxsi shares declined sharply after the company reported disappointing Q1 FY27 results. While revenue grew modestly on a sequential basis, net profit, EBIT and operating margins fell short of analyst expectations, dragging the stock lower.

Tata Consultancy Services (TCS) has been selected as the strategic technology partner for New Terminal One at JFK Airport. The AI-powered project will transform passenger experience, airport operations, and digital infrastructure while keeping TCS Share Price and TCS Stock in investor focus.

Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.