India's HCLTech, Infosys set to post monthly losses on weak FY27 outlook

Infosys

30/04/2026 10:44

** India's HCLTech HCLT.NS and Infosys INFY.NS down ~9.8% and 5.4%, respectively, in April

** Stocks on track for their third straight monthly decline and biggest monthly fall since February

** During the month, Nifty IT .NIFTYIT index is up ~1.5%

** Losses after INFY and HCLT forecast weak FY27 revenue growth

** Analysts said revenue growth at country's top IT firms seen muted as AI benefits offset by cautious client spending

** Investor sentiment weakened on fears agentic AI could disrupt the $315 billion sector and cannibalize earnings

** Since fourth-quarter results, HCLT down ~16.1% and INFY down ~4.8%

** YTD, HCLTech down ~25.6%, Infosys down ~26.8% vs Nifty IT's decline of ~22.3%; benchmark Nifty 50 .NSEI index down ~8.3%

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))