Brokerages CLSA, Nomura, Nuvama, Jefferies, and Motilal Oswal have revised their outlook on India's technology services providers ahead of their June quarter results. Nomura upgraded Wipro to "buy" and projects 7.7% revenue growth for largecap IT stocks in FY2026, while Nuvama remains positive on the sector. Jefferies and Motilal Oswal remain cautious, citing pressure on budgets.
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Benchmark indices retracted from all-time high levels, with Sensex falling over 600 points from the day's high of 79,855 to 79,236, while Nifty50 dropped to 24,100 after scaling 24,200 levels in the opening session.From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.
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Venture capital and angel investments in H1 2024 are recovering from a funding winter. Despite a decade-low number of deals, investments are increasing, signaling a rebound. This follows a period of cost-cutting measures, layoffs, and shutdowns for many startups. The revival is expected to continue, providing a much-needed boost to the startup ecosystem.
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