IT Stocks Outperform Weak Market; Infosys, TCS Lead Gains
5paisa Capital Ltd
- 2 min read
Last Updated: 6th April 2026 - 06:06 pm
Summary:
IT stocks, such as Infosys, Tata Consultancy Services, HCL Technologies, and Wipro, gained by as much as 1% on April 6th.
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Information technology stocks advanced on April 6 even as benchmark indices traded lower. The Nifty IT index rose 0.6%, while the Sensex and Nifty declined about 0.6% each during the session. Broader markets also remained under pressure, with the BSE MidCap 150 and SmallCap 250 indices falling about 0.3%.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Among frontline IT stocks, Wipro gained 1%, Persistent Systems rose 0.9%, while Infosys and Tech Mahindra advanced 0.8% each. HCL Tech and TCS increased 0.7% each. On the other hand, L&T Technology Services and Oracle Financial Services Software declined 0.5% each, while Mphasis fell 0.3%.
Buying Seen After Recent Correction
The rise in IT stocks comes after a recent fall in the space due to issues associated with AI. The current session was marked by increased buying in large-cap IT shares, driven by price action.
Quarterly Results in Focus
The spotlight will be on quarterly results this week, with TCS set to declare its Q4 results on April 9. IT firms are likely to see mixed results in the March quarter, according to the available estimates.
Infosys is expected to indicate revenue growth guidance of 2–5% for the next financial year, while HCL Tech may project 3–6% growth. Wipro is likely to guide for a decline of up to 2% in the near term, according to market estimates.
Sequential Growth Expected To Remain Muted
Revenue trends on a year-on-year basis are likely to be moderate for most of the leading IT firms. According to forecasts, TCS should post an increase in revenue by 0.6%, while Infosys' revenue is expected to fall by 0.7%. HCL Technologies' revenue should decline by 1.6%, while Wipro should witness a 1.3% decline in revenue.
The movements in IT shares are a result of stock-specific developments ahead of results, with some firms recording positive returns despite a decline in overall index levels.
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