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Infosys Ltd gained 2.91% today to trade at Rs 1112.5. The BSE Information Technology index is up 0.93% to quote at 28100.15. The index is down 0.13 % over last one month. Among the other constituents of the index, Tech Mahindra Ltd increased 2.24% and Tata Consultancy Services Ltd added 2.14% on the day. The BSE Information Technology index went down 23.2 % over last one year compared to the 5.94% fall in benchmark SENSEX.
Infosys Ltd has lost 3.94% over last one month compared to 0.13% fall in BSE Information Technology index and 0.28% rise in the SENSEX. On the BSE, 27836 shares were traded in the counter so far compared with average daily volumes of 10.29 lakh shares in the past one month. The stock hit a record high of Rs 1727.85 on 03 Feb 2026. The stock hit a 52-week low of Rs 984 on 01 Jul 2026.
In the cash market, the Nifty 50 index jumped 261.55 points or 1.09% to 24,334.30.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.07% to 13.15.
Infosys, Reliance Industries and Tata Consultancy Services (TCS) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The July 2026 F&O contracts will expire on 28 July 2026.
Tata Consultancy Services (TCS) has launched the Consumer Business Group (CBG) Gemini Experience Center (GEC) in Kolkata, India. The center will showcase AI-led innovations tailored for consumer business needs and built with Google Cloud and Google's Gemini models.
With the launch of the CBG GEC in Kolkata, TCS now operates three Gemini Experience Centers in India. These include the Retail GEC at the Chennai Retail Innovation Lab and the BFSI GEC at the Bengaluru BFSI Innovation Lab, each designed to serve industry-specific innovation and transformation needs.
By the end of 2026, TCS plans to establish a total of 10 GECs globally, including four in India. This expansion further strengthens TCS' global innovation footprint and underscores its strategic focus on partnering with hyperscalers to help enterprises navigate the next phase of AI-enabled transformation.
Tata Elxsi Ltd lost 5.44% today to trade at Rs 3499.1. The BSE Information Technology index is down 1.3% to quote at 27492.28. The index is up 0.13 % over last one month. Among the other constituents of the index, Zensar Technologies Ltd decreased 2.33% and Tata Consultancy Services Ltd lost 2.29% on the day. The BSE Information Technology index went down 25.37 % over last one year compared to the 6.51% fall in benchmark SENSEX.
Tata Elxsi Ltd has lost 14% over last one month compared to 0.13% gain in BSE Information Technology index and 1.22% rise in the SENSEX. On the BSE, 17011 shares were traded in the counter so far compared with average daily volumes of 32460 shares in the past one month. The stock hit a record high of Rs 6423.1 on 15 Jul 2025. The stock hit a 52-week low of Rs 3473.75 on 15 Jul 2026.
Tata Consultancy Services (TCS) announced the launch of the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru. The new facility will serve as a physical AI hub to accelerate the development and real-world deployment of AI-led solutions across mobility and manufacturing using NVIDIA AI Infrastructure.
The lab, which is the first of its kind, will help enterprises move from pilots to production scale deployment to design, test and validate Industrial AI solutions. It will enable customers to leverage TCS' domain expertise and accelerators to rapidly prototype and simulate use cases across a wide range of industries before deploying them in real-world mobility, manufacturing and industrial operations.
The New Terminal One at John F. Kennedy International Airport (JFK) has entered into a strategic partnership with Tata Consultancy Services (TCS) to shape the world's most advanced airport experience.
As the strategic technology and innovation partner to the New Terminal One, TCS will support the delivery of an intelligent, digitally-enabled guest experience at the new terminal, delivering cost efficiencies to airlines and transforming international travel at JFK, the largest global gateway to the United States.
Under the partnership, TCS will help develop a next-generation airport operations and guest experience spanning digital infrastructure, AI-enabled IT operations, and innovation initiatives. Developed with TCS' Cognix™ and ignio™ solutions, the solutions will provide the New Terminal One and its partner airlines end to-end visibility and proactive management of key components of the guest experience—from passenger processing and baggage handling to terminal security. This will pave the way for lower operating costs for airlines and a more efficient travel experience for their passengers.
Going ahead, investors will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for cues on the market's near-term direction.
IT, Media and consumer durables stocks advanced while FMCG, metal and pharma shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 47.04 points or 0.06% to 77,616.40. The Nifty 50 index rose 4.10 points or 0.02% to 24,211.
In the broader market, the BSE 150 MidCap Index rose 0.02% and the BSE 250 SmallCap Index rose 0.25%.
The market breadth was positive. On the BSE, 2,341 shares rose and 2,061 shares fell. A total of 202 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 8.38% to 13.28.
In the commodities market, Brent crude for September 2026 settlement added $1.81 or 2.38% to $77.82 a barrel.
Economy:
India’s trade deficit widened to $30.43 billion in June’26 from $19.10 billion in June’25 and $28.21 billion in May’26.
India's merchandise exports climbed 15.5% to $40.41 billion in June 2026, compared with $34.98 billion in the year-ago period. Imports surged 31% year-on-year to $70.84 billion, up from $54.08 billion, resulting in a wider trade deficit.
On a sequential basis, merchandise exports declined from $45.20 billion in May to $40.41 billion in June, while imports eased from $73.41 billion to $70.84 billion over the same period.
IPO Update:
Laser Power & Infra IPO received bids for 85.33 crore shares as against 2.55 crore shares on offer. The issue was subscribed 33.35 times.
The issue opened for bidding on 09 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof.
Buzzing Index:
The Nifty IT index rallied 3.59% to 29,015.85. The index jumped 5.62% in the two consecutive trading sessions.
Tata Consultancy Services (up 5.45%), HCL Technologies (up 4.97%), Tech Mahindra (up 3.35%), Infosys (up 3.19%) and Mphasis (up 3.02%), Persistent Systems (up 2.68%), Coforge (up 2.59%), LTM (up 2.2%), Wipro (up 1.72%) and Oracle Financial Services Software (up 0.62%) advanced.
Stocks in Spotlight:
LTM (formerly LTIMindtree) rose 2.2% after it has reported a 5.86% quarter-on-quarter (QoQ) increase in consolidated net profit to Rs 1,468.6 crore on a 2.80% rise in revenue from operations to Rs 11,608 crore in Q1 FY27 over Q4 FY26.
NMDC declined 0.92%. The company reduced the prices of Baila Lump and Baila Fines with effect from 10 July 2026. The state-owned miner cut the price of Baila Lump (65.5%, 10-40 mm) by Rs 250 per tonne to Rs 5,450 per tonne in July’26 from Rs 5,700 per tonne in June’26. It also reduced the price of Baila Fines (64%, -10 mm) by Rs 150 per tonne to Rs 4,700 per tonne from Rs 4,850 per tonne.
Fino Payments Banks surged 18.86% after the small finance bank’s average total deposits jumped 11% to Rs 2,755 crore in June 2026 compared with Rs 2,477 crore in June 2025.
Just Dial hit upper circuit of 20% after the company reported 66.2% jump in net profit to Rs 166.3 crore in Q1 FY27 from Rs 100 crore in Q4 FY26. Operating revenue for the period under review was Rs 327.5 crore, up 9.9% YoY.
L&T Finance jumped 1% after the NBFC reported a 28.72% year-on-year (YoY) increase in consolidated net profit to Rs 902.47 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 701.10 crore posted in Q1 FY26. Total revenue from operations jumped 22.38% YoY to Rs 5,212.92 crore in Q1 FY27.
Avantel rose 1.94% after the company reported a 67.39% year-on-year increase in consolidated net profit to Rs 5.39 crore in Q1 FY27, compared with Rs 3.22 crore in Q1 FY26. Revenue from operations rose 35.65% year-on-year to Rs 70.42 crore in Q1 FY27.
Bajaj Consumer Care declined 1.22%. The company has reported 84.8% rise in consolidated net profit to Rs 70.7 crore on a 28.3% increase in net sales to Rs 341.4 crore in Q1 FY27 as compared with Q1 FY26.
Indus Towers rose 0.94%. The company has appointed Abhishek Maheshwari as the chief financial Officer (CFO) and key managerial personnel (KMP) of the company, effective August 19, 2026. Maheshwari is a seasoned finance professional with over 21 years of experience across business partnering, strategic planning, budgeting, financial reporting, investor relations, mergers and acquisitions, taxation, compliance, internal controls, and business modelling. He currently leads the finance function for Airtel’s B2B business as CFO.
63 Moons Technologies surged 7.79% after the company’s material subsidiary, 63SA TS Cybertech, secured an order book worth Rs 288 crore in the first quarter of FY27, achieving around 82% of its full-year order target of Rs 350 crore.
Global Markets:
Most European market declined as escalating Middle East tensions weighed on investor sentiment.
Most Asian market ended lower on Monday as investors remained cautious amid renewed geopolitical tensions in the Middle East.
Investor sentiment nosedived after Iran and the United States exchanged airstrikes over the weekend. Tehran claimed it had targeted U.S. military facilities across multiple Gulf countries and announced the closure of the Strait of Hormuz.
However, U.S. President Donald Trump rejected the claim on Sunday, stating that the strategic waterway remained open to commercial shipping.
In South Korea, shares of SK Hynix fell 5% after the chipmaker's stock had surged 13% during its Nasdaq debut, prompting investors to book profits.
In the United States, shares on Wall Street ended higher on Friday. The Dow Jones Industrial Average gained 0.29% to close at 52,637.01, the S&P 500 rose 0.42% to 7,575.39, and the Nasdaq Composite advanced 0.29% to finish at 26,281.61.
Investors are also gearing up for a busy U.S. earnings week, with several major financial institutions, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo, scheduled to report quarterly results.
Earnings from Netflix, Johnson & Johnson and UnitedHealth are also expected to be closely watched for clues on corporate performance and the broader economic outlook.
Tata Consultancy Services (TCS) announced an expanded collaboration with ABB, a global technology leader in electrification and automation, to transform its global network operations. The engagement marks the next phase of a trusted 20-year partnership.
As part of this multi-million, multi-year deal, TCS will scale its role from managing infrastructure and applications to delivering end-to-end global network operations, through an integrated network-as-a-service model. TCS will help ABB improve user experience, enhance operational efficiency, strengthen security and compliance, scale service delivery, and prepare for next-generation digital operations. At the core of this engagement is ABB's Future Network Model programme, an enterprise-wide initiative to transform its global network into a standardized, centrally managed digital infrastructure.
As a strategic programme partner, TCS will design, integrate, and run ABB's global network ecosystem as a secure, modern, and AI-driven service. It will also orchestrate ABB's multi-vendor environment to ensure seamless, standardized operations worldwide. The programme will replace fragmented network environments with a secure, scalable, and service driven architecture. It will use a centralized control framework to bring together:
TCS will further enable end-to-end monitoring and orchestrations, delivering high-performance connectivity across ABB's network services.
Shares of Kaynes Technology India are banned from F&O trading on 10 July 2026.
Stocks to Watch:
Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. The company's annualised AI revenue reached $2.6 billion during the quarter, up 13.6% sequentially.
Meanwhile, the board of directors declared an interim dividend of Rs 12 per equity share of Re 1 each. The record date for determining eligible shareholders is 15 July 2026 and the dividend will be paid on 31 July 2026.
Mahindra & Mahindra (M&M)’s total sales jumped 32.45% to Rs 1,03,502 units in June 2026 compared with 78,142 units sold in June 2025. Production increased 29.99% YoY to 1,10,795 units in June 2026.
Anand Rathi Wealth reported a 73.99% jump in consolidated net profit to Rs 162.73 crore in Q1 FY27 compared with Rs 93.53 crore in Q1 FY26. Revenue from operations jumped 17.51% YoY to Rs 321.98 crore in Q1 FY27.
Havells India announced a strategic collaboration with Pixii AS, a Norway-based energy storage technology company, to develop and introduce advanced Battery Energy Storage Systems (BESS) for the Indian market.
Muthoot MIcrofin reported a 18% jump in Asset under management (AUM) to Rs 14,457 crore as of 30th June 2026. Disbursement stood at Rs 2,645 crore, up 49% YoY.
Vijaya Diagnostic Centre appointed Narasimha Raju K.A as chief financial officer (CFO) with effect from 9 July 2026.
Apollo Micro Systems entered into share purchase agreement with Premier Explosives to acquire 2.22 crore shares or 41.33% stake from the promoter AKS Family Trust. The company will also launch an open offer to acquire 26% stake, from public shareholders at Rs 698 per share. The total transaction is valued at around Rs 1,550 crore, subject to customary closing adjustments.
Another foreign brokerage described the June quarter performance as broadly in line with expectations, citing a modest revenue beat led by India and stable margins. The brokerage added that management's optimism regarding a recovery in demand during the second quarter provides confidence in the near-term outlook.
The IT major reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter.
On a year-on-year basis, the company's consolidated net profit increased 4.6%, while revenue from operations rose 13.9%.
Profit before exceptional items and tax rose 1.36% to Rs 18,612 crore in Q1 FY27 from Rs 18,362 crore recorded in Q4 FY26. The company also reported exceptional items worth Rs 668 crore during the period, primarily due to additional provisions towards the settlement of a legal claim filed by Computer Sciences Corporation (CSC), following the denial of the company's petition by the US Supreme Court. The provision relates to exemplary damages and costs awarded in the matter.
The company's operating margin stood at 24%, while net margin was 19.2% during the quarter.
The company's total contract value (TCV) declined to $9.5 billion in Q1 FY27 from $12 billion in Q4 FY26.
The company's annualised AI revenue reached $2.6 billion during the quarter, up 13.6% sequentially.
The workforce stood at 593,798 employees as of 30 June 2026, while the last twelve months (LTM) attrition rate in IT Services was 13.6%.
As of 30 June 2026, TCS had filed 9,803 patent applications, including 207 during the quarter, and had been granted 5,670 patents, of which 170 were awarded in Q1 FY27. Its AI-focused portfolio comprised 1,996 cumulative patent filings and 602 granted patents.
K Krithivasan, chief executive officer and managing director, said “Q1 FY27 reflects continued growth momentum and the strength of our strategic positioning, despite geopolitical and macro-economic headwinds. We delivered a strong order book of $9.5 billion, including a marquee AI-led transformation deal with SKF, while continuing to add clients across key revenue bands and scaling our AI business to a $2.6 billion annualized revenue run rate. As customers accelerate investments in AI, modernization, cybersecurity, sovereign cloud and platform simplification, our strong deal conversion, improving client mining and expanding ecosystem partnerships position TCS well to translate opportunity into sustained growth”.
Aarthi Subramanian, executive director - president and chief operating officer, said “Q1 was characterized by strong growth across several services. We won multiple AI-led transformation deals with our dual commitment to AI-led optimization as well as innovation-led outcomes. These wins validate our approach to AI-led efficient ITOps, accelerated Software Engineering and Modernization, AI-first process redesign and implementation of SaaS solutions and Autonomous GBS. We signed strategic partnerships with Anthropic and Mistral expanding our AI ecosystem”.
Samir Seksaria, chief financial officer, said, “In Q1, we rolled out annual wage hikes, strengthened our partnership ecosystem, and targeted investments to enhance long-term competitiveness. We remain focused on building, acquiring, or partnering for AI-led capabilities while maintaining disciplined execution, industryleading profitability and return ratios”.
Sudeep Kunnumal, chief HR officer, said “This quarter, we completed annual salary increments for all associates globally and aligned salary structures with the new India Labour Code requirements. We continue to invest in AI infrastructure, next-generation skill development platforms, to enable our people to be futureready, while fostering a workplace where every associate feels safe, valued, trusted and empowered to grow”.
TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide.