Infosys ADRs were trading 0.79 per cent lower at $17.69 in the pre-market. Wipro ADRs stood at $2.88, up 0.35 per cent on NYSE.
An analyst from Arihant Capital said that HCL Technologies has taken support at the 50-days SMA (Rs 1,613) on the daily charts and has given a positive close above it.
Rising for the fourth straight session, Infosys rose 3.19 per cent to hit a high of Rs 1,692 apiece. In the process, the m-cap of the IT firm briefly breached Rs 7 lakh crore mark.
Infosys ADRs surged as much as 56 per cent to hit a high of $30 on the NYSE during Friday’s trade before paring gains to settle at $20.22, up 5.42 per cent. The stock had risen 5.27 per cent on Thursday.
Mishra said the market’s trajectory during the week was guided by a mix of macroeconomic indicators, movements in the currency market, and evolving global cues.
Infosys addressed investor concerns following a sharp, temporary surge in its American Depositary Receipts on the New York Stock Exchange, which led to two volatility-related trading halts.
MOFSL said AI services demand could begin to improve from mid-2026 as hardware-led AI capex intensity moderates. The March-April 2026 budget reset period may serve as an initial indicators, it said.
LTTS climbed 4 per cent to hit a high of Rs 4,687.05. Coforge Ltd, Mphasis and Persistent Systems Ltd, HCL Technologies and TCS added 2 per cent each. Wipro and Infosys rose 1 per cent each. Cyient was flat.
Nomura's preferred picks were Infosys and Cognizant (unlisted) among large caps, Coforge among mid-caps and eClerx among small caps. The brokerage retained its contrarian Buy on Wipro.
Motilal Oswal attributed this upgrade to several factors, including a shift from hardware-led capital outlay to services-led spending.
The IT major plans to repurchase 10 crore fully paid-up equity shares of face value Rs 5 each, representing up to 2.41 per cent of its total paid-up equity share capital. The buyback price has been set at Rs 1,800 per share.





