India's Nifty IT sub index set for best week in nine months
17/07/2026 10:38
BUZZ-India's Nifty IT sub index set for best week in nine months ** Indian IT index .NIFTYIT rises 4.56% this week, set for its best week in nine months
** Top software services exporter, TCS TCS.NS up 9% this week and on track for best week in nearly six years
** On the day, Wipro WIPR.NS falls up to 2.4% after it missed its quarterly earnings and sluggish outlook disappointed investors
** Tech Mahindra TEML.NS rises ~5% on Friday after it beat Q1 rev and analysts saying that strong deal wins and margin improvement could make it one of the fastest growing companies among peers
** YTD, index loses ~23% vs Nifty 50's .NSEI ~7% decline
(Reporting by Urvi Dugar in Bengaluru)
Recent news on Tech Mahindra
See all newsBrief: Tech Mahindra Says Unit PF Holdings To Buy Stake In Its Unit Pininfarina For EUR 9.46 Million
India's IT stocks head for best month in 6 years on post-earnings rally, global AI jitters
Italy - Factors to watch on October 26
India's Nifty IT index sole weekly gainer among major sectors
India's Tech Mahindra partners with SpaceXSI for AI-powered software development (updated)