Wipro Ltd. Share Price

Wipro Q2: margin 16.5% passes, PERM gate still open

BUBBLE IS BURSTING--> KNOW, WHY INDIAN IT IS BOOMING...BUT!

AI FATIGUE HITS KOREA: GOLDMAN SACHS CUTS KOSPI TARGET BY 25% — WHY THIS MATTERS FOR INDIA The AI rally is facing a reality check. But Goldman Sachs still sees significant recovery potential in South Korean equities. Goldman Sachs has cut its 12-month target for South Korea’s benchmark KOSPI index to 9,000 from 12,000, a 25% reduction, as concerns grow over AI valuations, heavy infrastructure spending and the time required to generate returns from that investment. The revised target still implies more than 60% upside from the levels cited in the report. <Cite refs={["turn169652search0","turn169652search1"]}/> 1. Why Has Goldman Cut Its Target? AI spending is enormous — but returns are under scrutiny The global AI boom has fuelled demand for advanced chips, memory and data-centre infrastructure. However, investors are increasingly questioning whether the returns from this investment will justify the cost. --->How Could This Benefit India? The important distinction: a correction in Korean AI stocks does not automatically benefit Indian equities. The potential advantage depends on where global investors move their money and whether India's IT companies can capture more technology spending. Potential areas of opportunity 1. Indian IT services Stocks to watch: TCS, Infosys, HCLTech,

Nifty Weekly: 22,200 in Focus; IT Outperforms again

Nifty closed the week at 22,600, down 546 points (2.36%), slipping back below the 200-week average (22,673), which it had reclaimed only a week earlier. The index remains inside the long-term rising channel that has held since 2023, and the 22,200 zone, where the rising trendline meets an earlier support, is the level to watch. RSI at 37.34 has dipped back below the midline. Overhead: 22,673-22,700 (the 200-week average and Max Pain), then 23,000 and the 50-week average at 24,348. Options data (Source: Sensibull, 23 Oct, for the 27 Oct monthly expiry): PCR has dropped to 0.74 from 1.33, with Call OI (34.3 Cr) ahead of Put OI (26.97 Cr). This suggests writing is concentrated above the market. Brent crude near $117, close to the March high of about $120, is a headwind to track. IT was the outperformer. Nifty IT closed near its inverse head and shoulders neckline, with

Nifty IT Index Rallies Strongly Defying Market Dip

The Nifty IT index emerged as a major bright spot in the Indian equity markets for the week ending October 23, 2026. While the broader markets faced intense selling pressure, with the benchmark Nifty 500 index tumbling 1.24% to close at 21,427.60, the technology sector successfully decoupled from the bearish trend. Heavy institutional accumulation and strong quarterly earnings momentum allowed IT stocks to serve as a reliable defensive shield for investors during a volatile trading week. Large-cap tech heavyweights spearheaded the sector's impressive decoupling layout. Wipro led the pack with a remarkable weekly gain of 9.1%, followed closely by Tech Mahindra, which surged 8.5% on the back of resilient corporate earnings and a positive outlook for the coming quarters. Industry giant Tata Consultancy Services also saw steady accumulation, closing the week up by 7.7%, while L&T Technology Services added an impressive 6.1% to the rally. There was a RSI Divergence in the weekly charts of Nifty IT index and after the there was a sharp upmove and then a correction. After the correction now we can see a trend continuation pattern and a change in structure where in the price has started to make a lower low and higher highs. The weekly RSI 14 above 50 and the MACD Histogram above zero also indicates a bullish trend.

Infosys Ltd Q2FY27 Result Outlook & Analysis

Executive Verdict: Infosys delivered better-than-expected revenue growth, but a downward revision in FY27 guidance highlights persistent demand weakness, pricing pressure and AI-led structural disruption. The stock declined nearly 6.4% as investors reacted to a weaker growth outlook. Financial Performance: Consolidated revenue rose 10.7% YoY to ₹49,244 crore, marginally beating estimates of ₹49,108 crore. Constant-currency revenue grew 1.5%, outperforming Wipro's 0.6%. Net profit increased 6.2% to ₹7,828 crore but missed the ₹7,904 crore consensus. Operating margin remained stable at 21.1%, while FY27 margin guidance was retained at 20–22%. The board announced an interim dividend of ₹26 per share, up 13% YoY. However, wage hikes and pricing pressures could weigh on H2 margins. Guidance & Demand: Infosys cut FY27 constant-currency revenue growth guidance to 1–2%, from 1.5–3%, reflecting weaker discretionary spending, softer client volumes and macroeconomic uncertainty. North American revenue declined 1.5% YoY, while Hi-Tech and Retail fell 17.3% and 7.7%, respectively. Financial Services and Energy & Utilities remained relatively resilient. Deal Pipeline: Large deal wins reached $5.2 billion, including a mega-deal exceeding $2 billion. However, revenue conversion will take time, with meaningful benefits expected from FY28. Competitive bidding could also constrain margins. AI: Opportunity & Risk: AI-linked revenue rose to 10.5% of total revenue from 8.2% in Q1, growing 29% sequentially. However, AI-driven automation is compressing traditional IT service contracts, creating structural pricing and revenue pressures. Workforce & Outlook: Headcount reached 332,542, with 4,480 net additions and attrition at 12.7%. Investor Takeaway: Near-term sentiment remains cautious. Investors should monitor deal conversion, organic demand recovery and margin protection against wage inflation and AI-led pricing compression before expecting a sustained valuation recovery.

HCL Technologies and Infosys INDIAN IT STOCKS RISE