Economy · India
Indian IT Stocks Rally Amidst Mixed Market Performance
Indian equity benchmarks experienced mixed trading on July 31st, with the Nifty IT index seeing a significant jump of nearly 4%. Major IT firms like Infosys, TCS, and Coforge were among the top gainers. Cognizant reported a 4.5% rise in Q2 revenue, driven by its Financial Services division, and raised its FY26 EPS outlook, while also noting demand challenges in the broader IT services sector. Despite some market indices closing flat or with slight losses, the IT sector's performance was a notable highlight.
How outlets across the spectrum covered it
Left 1 · Centre 6 · Right 2 n = 9
- Left (1): The Hindu
- Centre (6): Business Standard, Deccan Chronicle, Mint, NDTV, The New Indian Express, The Times of India
- Right (2): Republic World, The Pioneer