IT sector – Market-Tracker

As Anthropic’s AI claims stoke concerns about disruption, the Nifty IT index falls by more than 5%; TCS and Infosys are among the worst losers.

As ongoing worries about disruptions brought on by artificial intelligence continued to negatively impact market mood, Indian IT equities continued their sell-off for a fifth consecutive session on Tuesday, with the Nifty IT index down more than 5% by the afternoon. Anthropic’s assertions that its Claude Code tools can significantly lower the cost and complexity…

FIIs sold IT stocks worth Rs 10,956 cr in early February, bringing holdings down to a 4-year low.

guna@fastura.com3 weeks ago03 mins

A major source of income for India’s software exporters, the demand for large-scale, human-led coding and IT support services may decline due to rapid advancements in generative artificial intelligence. This is why foreign institutional investors (FIIs) sold over Rs 10,956 crore worth of information technology stocks in the first half of February. Due to this…

Mid and small-cap IT companies continue to outperform the giants.

guna@fastura.com10 months ago03 mins

In the fourth quarter and the fiscal year of FY25, mid- and small-cap IT services companies continued to outperform their larger counterparts; analysts predict that this trend will continue into FY26. This is a big change from the past, when tech behemoths like TCS, Infosys, and HCL Technologies usually topped the growth charts. Companies like…

IT companies benefit from the rupee’s weakening, but the long-term effects are unreliable.

guna@fastura.com1 year ago02 mins

The Indian IT industry, which gets 50–60% of its income from the US market, is benefiting from the rupee’s recent weakening versus the dollar. The rupee has lost almost 108 paise against the dollar thus far in the third quarter. According to analysts, this will increase the margins of IT companies by 30 to 50…

Accenture raises its growth prediction for FY25 and identifies trends for the Indian IT industry.

guna@fastura.com1 year ago03 mins

Major IT services provider Accenture, which is listed on the Nasdaq, increased its prediction for fiscal 2025 revenue growth from 3-6% to 4-7%. The modification is ascribed to a decreased adverse effect of foreign exchange fluctuations, which is now anticipated to be roughly 0.5% as opposed to the 1.5% that was previously estimated. With more…

IT companies are optimistic about increased investment as a result of tax reduction.

guna@fastura.com1 year ago02 mins

IT services providers appear to be happy with Donald Trump’s victory, barring concerns about the prospect of stricter H1-B visa regulations. They expect that his policies will increase businesses’ discretionary spending. According to analysts, the United States still has a lot of work to do in under-penetrated industries like banking and healthcare. Spending on IT…

Focus on the IT services sector: Solid deal wins in August suggest a turnaround in FY25

guna@fastura.com1 year ago04 mins

While the India IT services sector’s fiscal first quarter profits showed a wide rebound across all verticals and locations, suggesting stronger fiscal growth than the previous year, the industry continued to enjoy robust deal signings in August. “After recovering in the previous months, the 3M rolling sum of deal signings—a strong lead indicator of deal…

Foreign Investors invest Rs 25,000 crore in the IT, financial, and six other sectors In the second half of August.

guna@fastura.com1 year ago03 mins

Due to strong domestic valuations and volatility in the global market, foreign institutional investors (FIIs) engaged in a wave of significant selling during the first two weeks of August. However, later in the month, they turned their attention to purchasing, allocating Rs 25,000 crore across eight important sectors. With purchases of Rs 5,297 crore, consumer…

Revenue growth in the IT services sector may drop to 3% in FY24, according to ICRA

guna@fastura.com3 years ago04 mins

According to a domestic ratings business, the revenue growth of the Indian IT services sector will decrease to 3% in the current fiscal year from 9.2% in the prior fiscal year. According to ICRA Ratings, this fiscal year’s profitability would also suffer, and the operating profit margin will drop to 20–21%, a reduction of up…

IT stocks decline as Epam cuts its guidance

guna@fastura.com3 years ago02 mins

After Epam Systems again decreased its revenue forecast for CY2023, information technology stocks declined on Tuesday. Shares of Infosys decreased 1.8% while the NSE IT Index lost 1.88%. The yield on TCS shares was 1.6%. EPAM has revised its forecast for revenue growth and now projects a 2% drop in constant currency revenues at the…

Tag: IT sector

As Anthropic’s AI claims stoke concerns about disruption, the Nifty IT index falls by more than 5%; TCS and Infosys are among the worst losers.

FIIs sold IT stocks worth Rs 10,956 cr in early February, bringing holdings down to a 4-year low.

Mid and small-cap IT companies continue to outperform the giants.

IT companies benefit from the rupee’s weakening, but the long-term effects are unreliable.

Accenture raises its growth prediction for FY25 and identifies trends for the Indian IT industry.

IT companies are optimistic about increased investment as a result of tax reduction.

Focus on the IT services sector: Solid deal wins in August suggest a turnaround in FY25

Foreign Investors invest Rs 25,000 crore in the IT, financial, and six other sectors In the second half of August.

Revenue growth in the IT services sector may drop to 3% in FY24, according to ICRA

IT stocks decline as Epam cuts its guidance

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