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IT Rally Drives Nifty Higher as Q2 Earnings Take Centre Stage

Indian equity markets ended the week on a strong note, with the Nifty 50 surging 2.8%, supported by buying across key sectors. The ongoing Q2FY27 earnings season remained a key focus for investors, as corporate results and management commentary are expected to shape the market’s next direction.

On the sectoral front, the Nifty IT emerged as the strongest performer, rallying 11.72% during the week. Gains in IT stocks were supported by quarterly earnings announcements and optimism around business growth. Tech Mahindra and Wipro advanced sharply on Friday following their Q2 results, further supporting sectoral momentum. However, investors remain focused on revenue growth, deal wins and margin trends to assess the sustainability of the rally.

In contrast, the Nifty Pharma declined 0.69%, making it the weakest sector during the week amid selling pressure and profit booking.

Meanwhile, precious metals witnessed a correction, with gold and silver facing selling pressure during the week. Both metals, however, recovered some ground on Friday as the US dollar weakened, offering near-term support. Despite the rebound, inflation concerns and uncertainty over the US Federal Reserve’s interest-rate outlook continued to influence bullion prices.

Going ahead, investors will track corporate earnings, management guidance, global cues and crude oil prices for further direction. While the benchmark rally signals improving sentiment, sustained earnings growth will be crucial to support the market’s upward momentum.

Stocks

BHEL Q2 FY27: PAT Jumps 119% YoY as Revenue Grows 24% and Operating Margin Hits 11%

BHEL Q2 FY27: PAT Jumps 119% YoY as Revenue Grows 24% and Operating Margin Hits 11%
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Here’s how Anand Rathi Share & Stock brokers performed in Q2FY27.

Here’s how Anand Rathi Share & Stock brokers performed in Q2FY27.
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Groww showed strong growth but faced margin pressure in Q2FY27.

Groww showed strong growth but faced margin pressure in Q2FY27.
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The below snip shows performance of Anand Rathi Wealth in Q2FY27.

The below snip shows performance of Anand Rathi Wealth in Q2FY27.
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IIF Finance showed impressive performance in Q2FY27.

IIF Finance showed impressive performance in Q2FY27.
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The attached chart shows performance of RBL Bank.

The attached chart shows performance of RBL Bank.
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Nestle India: Profit Up 36%, EBITDA Margin Expands to 24%.

Nestle India: Profit Up 36%, EBITDA Margin Expands to 24%.
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Bajaj Consumer: Profit Jumps 66%, but Stock Falls 8%.

Bajaj Consumer: Profit Jumps 66%, but Stock Falls 8%.
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Sejal Glass Q2: Margin Recovery Powers Earnings Surge.

Sejal Glass Q2: Margin Recovery Powers Earnings Surge.
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TCS Q2 FY27: Revenue Growth Strengthens, While Profit Growth Remains Moderate

TCS Q2 FY27: Revenue Growth Strengthens, While Profit Growth Remains Moderate
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HCLTech Q2 FY27: Services-Led Growth Offsets Weakness in Software

HCLTech Q2 FY27: Services-Led Growth Offsets Weakness in Software
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Tata Elxsi Q2 FY27: Revenue Growth Supported by AI-Led Business Expansion

Tata Elxsi Q2 FY27: Revenue Growth Supported by AI-Led Business Expansion
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Tips Music Q2 FY27: Strong Performance Led by Digital Revenue Growth

Tips Music Q2 FY27: Strong Performance Led by Digital Revenue Growth
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Swaraj Engines: Engine Sales Jump 20%, Profit Rises 22%

Swaraj Engines: Engine Sales Jump 20%, Profit Rises 22%
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GM Breweries: Revenue Up 34%, Profit Up 52% in Q2

GM Breweries: Revenue Up 34%, Profit Up 52% in Q2
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Indices

Nifty IT Leads Weekly Gains at 11.72% as Nifty 50 Rises 2.78%; Pharma and FMCG Lag

Nifty IT Leads Weekly Gains at 11.72% as Nifty 50 Rises 2.78%; Pharma and FMCG Lag
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Economy

Equity MF Inflows Jump 31% MoM to ?38,307 Cr

Equity MF Inflows Jump 31% MoM to ?38,307 Cr
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Opportunities

Nifty Oil And Gas Gears Up For Potential Reversal

Nifty Oil And Gas Gears Up For Potential Reversal
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Food for Thought

(Source: VisualCap)

(Source: VisualCap)
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IT Rally Drives Nifty Higher as Q2 Earnings Take Centre Stage

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