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IT stocks shine as strong GDP data lifts sentiment; Mphasis leads on Morgan Stanley's upgrade

IT stocks gained momentum on September 1 with all 10 constituents of the Nifty IT index trading in the green as India’s GDP growth of 7.8 percent for the June quarter buoyed market sentiment

CLSA, Morgan Stanley remain cautious on IT, says discretionary spending still weak

Even as the Nifty IT index gained 4 percent in the past month, global brokerages CLSA and Morgan Stanley remain cautious. CLSA expects a recovery led by BFSI, while Morgan Stanley advises trimming gains on any rally

IT index slides over 2% as US inflation data signals slower rate cuts

The US inflation data raised concerns that the pace of future rate cuts may be slower than expected, potentially affecting sectors like information technology, which have significant exposure to the U.S. market.

IT stocks unfazed by Accenture's narrow FY24 guidance, Street cheers Q3 deal pickup

Analysts see Accenture's Q3 results as slightly positive for domestic IT stocks, thanks to a rise in small deals and a rebound in consulting growth

TCS, HCL Tech, Wipro rises up to 2% after CLSA hikes stock target prices

Analysts at CLSA believe that the IT firms will guide conservatively going ahead and kept outlook unchanged for key verticals like banking, retail, hi-tech, and telecom

Fund flows to Indian IT stocks set to rise on positive earnings surprise: Analysts

Shares of India's IT companies, which earn a significant share of their revenue from the U.S., surged 16.13% in the final two months of 2023, exceeding the benchmark Nifty 50's 13.9% gain.

Infosys, Wipro among top Nifty50 losers on Accenture's muted FY24 guidance

On the New York Stock Exchange in the overnight US trading, the American Depository Receipts (ADRs) of technology giants Infosys and Wipro slumped up to 3 percent on September 28

D-Street dream run has more legs; IT earnings can be revised upward: TCG Asset Management's Chakri Lokapriya

The managing director and CIO of TCG Asset Management said IT valuations are attractive. He sees great potential in the manufacturing theme.

IT sector is at an interesting juncture but volatility is expected in the near term: Kotak Mahindra AMC's fund manager

IT sector has been on an ascendancy. IT sector If a 25-year trend is taken into account, it tends to move up, says Harish Krishnan.

MC Explains | How global recession may impact Indian IT companies

IT stocks had taken a severe beating, factoring in the aggressive tone of US Federal Reserve chairman Jerome Powell at the Jackson Hole Symposium. After a rebound, they resumed their fall on September 14, reacting to the hotter-than-expected inflation data released in the US

Mid-cap IT stocks likely to emerge as strong performers in next 2-3 years: Envision Capital's Nilesh Shah

"If there's a rally, you should probably switch out from large-cap names and get into tier-2 names. It's quite possible that in next 2-3 years some of the names from midcap space will emerge to be strong performers," said Nilesh Shah

Major European banks have fallen below their 2008 crisis mark

Despite the ongoing turmoil in the European markets, Indian stocks have been gaining in momentum since yesterday; however, some of the Indian IT stocks may take a knock as these banks offer major business to Indian IT companies.

Why does Nomura India give thumbs up to IT sector?

In an interview on CNBC-TV18, Ashwin Mehta, IT Analyst from Nomura India is bullish on the Indian IT sector performing exceptionally well. While he remains positive on growth for the industry, he says, "We are more cautious on the supply side pressure and growth investments required by the Indian IT companies."