Nifty IT Rebounds: TCS, Infosys, Wipro, and LTIMindtree Lead Recovery; HCL Tech Lags Behind

Market Performance

After a four-day losing streak, the Nifty IT index bounced back on Tuesday, July 15, gaining 1% in intraday trade. This marked a strong rebound in sentiment as investors looked to capitalize on lower valuations across IT stocks.

• At 11:20 AM, Nifty IT stood at 37,582.30, rising by 0.8%
• All constituents traded in the green except HCL Tech
• Infosys, Wipro, and LTIMindtree led the recovery, each gaining up to 2%

This rally came despite ongoing concerns over muted sectoral demand, showcasing a possible shift in investor behavior toward bargain hunting.

Main News

The recent rally comes on the heels of subdued quarterly earnings from major players like Tata Consultancy Services (TCS). The sector had witnessed selling pressure over the past week due to disappointing Q1 performance and demand commentary.

The latest market action indicates a renewed investor interest in large-cap IT companies, particularly those that were heavily beaten down in the previous sessions.

Cooling inflation also contributed to broader market optimism, influencing positive momentum across the IT sector.

Company Details

Tata Consultancy Services (TCS)

• Recent earnings triggered weakness across the IT sector
• Market sentiment improved despite the initial negative response

Infosys Share Price

• Gained up to 2% in intraday trade
• One of the top contributors to the Nifty IT rebound

Wipro Share Price

• Participated in the rally with a sharp upward movement
• Benefited from value buying and overall IT index gains

LTIMindtree Share Price

• Showed a strong performance with up to 2% increase
• Helped stabilize investor sentiment in the mid-cap IT space

HCL Tech Share Price

• The only stock in the red, dropping around 4% intraday
• Q1 earnings impacted investor confidence

HCL Tech Financial Snapshot (Q1FY26)

• Net Profit: ₹3,843 Crore

(- 10% YoY from ₹4,257 Crore in Q1FY25)

• Revenue from Operations: ₹30,349 Crore

(+ 8% YoY from ₹28,057 Crore in Q1FY25)

Despite the revenue growth, the decline in net profit weighed heavily on HCL Tech's stock performance, making it the outlier in today's market rally.

Summary of the Article

The Nifty IT index gained momentum on July 15, recovering 1% after a multi-session decline. Key players like TCS, Infosys, Wipro, and LTIMindtree saw renewed buying interest, driven by value-based investor action and improving sentiment due to easing inflationary pressure.

On the contrary, HCL Tech remained under pressure after posting a 10% YoY drop in net profit for Q1FY26, despite an 8% growth in revenue. The divergence in performance among top IT stocks underscores the sector's current volatility and the growing importance of earnings resilience.