"Nifty IT has been one of the stronger-performing sectors in the market lately, showing impressive strength. Improved sentiment towards global technology companies, growing interest in artificial intelligence, and expectations of stable demand from overseas clients have supported the sector's recovery," a market participant stated.
Indian IT stocks hogged spotlight on Tuesday with the index rising nearly 5 per cent, bucking the weakness in the broader markets.
Stocks like Alkem Labs, Ola Electric, Wipro, NMDC, Acme Solar, PNC Infra, NHPC, Anant Raj, Equitas SFB, Canara Bank will be in the spotlight on Tuesday, June 02, 2026.
The latest quarterly results clearly defy the SaaSpocalypse narrative, CLSA said while adding that IT companies that have strong partnerships with SaaS providers should continue to see healthy demand.
Infosys, TCS, HCL Technologies, and Tech Mahindra shares were the top Sensex gainers. Wipro shares were also up over a per cent today.
Joining the bonus parade is wealth management firm Anand Rathi Wealth Ltd. The stock is scheduled to turn ex-bonus on Wednesday, June 3, 2026.
If you've been holding Wipro or waiting for the right time to action, a major new development just changed the game. Business Today’s Sakshi Batra and guest analyst Gaurav Sharma Associate VP & Head of Research, Globe Capital take a deep dive into the IT sector to analyze Wipro following its recent positive news. After underperforming its peers for over two years, Wipro is showing early signs of a technical reversal with a double-bottom formation and rising volumes. Gaurav Sharma explains the exact strategy to approach this stock and highlights why he is targeting high-performing, BFSI-focused IT companies like OFSS, Coforge, and Mphasis for the long term instead. Learn why patience is key and why short-term trading should be avoided in the current setup.
Markets remained volatile as weak monsoon forecasts, crude oil uncertainty and global tensions kept investors cautious. On Business Today’s “What’s Hot,” Globe Capital’s Gaurav Sharma decoded the key triggers driving Dalal Street right now. He explained how IMD’s below-normal monsoon prediction could fuel inflation worries and impact the broader economy. The discussion also covered falling crude oil prices, concerns over global inventory shortages, and the possible impact on Indian equities. The show highlighted top buzzing stocks including Wipro, MCX, Coal India, Ashok Leyland, PhysicsWallah and Wockhardt, along with insights on IT, pharma, real estate and commodity sectors. Gaurav Sharma also shared his market strategy, warning investors to stay cautious, avoid going all-in, and maintain cash positions amid rising uncertainty and global volatility.
While global tech giants are seeing massive rallies on the back of AI excitement, Indian IT companies are yet to show meaningful earnings impact from AI partnerships. Mayuresh Joshi explains why India lacks a strong AI market trade, what’s driving the global AI frenzy, and whether Indian companies can still catch up in the race.
In the domestic market, the IT stock gained 5% to Rs 211.20 on BSE in the current session. Market cap of the IT firm stood at Rs 2.18 lakh crore.
Infosys (4.20%), TCS (2%), HCL Technologies (1.92%) and Tech Mahindra (1.40%) shares were the top Sensex gainers today.




