IT stocks traded mixed in the early session on Monday, with Wipro leading the gains, while several heavyweights like Infosys and TCS witnessed declines. Here’s a snapshot of the sector’s performance:
Top Gainers (as of 9:32 AM):
- Wipro: ₹302.65 (+7.34%)
- Tata Tech: ₹813.60 (+0.73%)
- LTTS: ₹5,394.30 (+0.38%)
- Tech Mahindra: ₹1,662.95 (+0.16%)
Top Decliners:
- Infosys: ₹1,804.70 (-0.59%)
- TCS: ₹4,091.45 (-0.80%)
- Coforge: ₹8,590.75 (-0.59%)
- LTIMindtree: ₹5,853.60 (-0.62%)
- OFSS: ₹9,859.70 (-1.67%)
Market Sentiment:
The rally in Wipro comes after positive brokerage updates highlighting strong Q3FY25 results, while others in the sector remain under pressure amid mixed global cues and cautious outlooks on IT spending.
Investors are closely monitoring sector developments, especially regarding demand for digital transformation services and global macroeconomic conditions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisor before making any investment decisions.
