TCS cut 19,755 employees in the quarter ended September 30 https://t.co/wHsok1IlrG ...

Market Overview - Benchmark indices opened positively, with Nifty 50 starting at 25,167.65 and trading at 25,259.70, up 77.90 points or 0.31 percent [1] - Sensex opened at 82,075.45 and was at 82,425.16, higher by 253.06 points or 0.31 percent, driven by renewed investor confidence from India-US trade negotiations [1] Trade Negotiations - Prime Minister Narendra Modi's conversation with US President Donald Trump reaffirmed a commitment to advancing the India-US trade pact, with optimism for a trade deal by November expressed by Commerce & Industry Minister Piyush Goyal [2] Institutional Investments - Foreign Institutional Investors (FIIs) turned net buyers with purchases of ₹1,308.16 crore on October 9, while Domestic Institutional Investors (DIIs) had net purchases of ₹864.36 crore [3] - FIIs have been buyers in the cash market for the last three trading days [3] Earnings Reports - Tata Consultancy Services (TCS) reported a 1.4 percent rise in net profit to ₹12,075 crore and revenue growth of 3.7 percent, with a total contract value of $10 billion [4] - TCS aims to become the world's largest AI-led technology services company, positioning itself at the forefront of the global AI race [4] Stock Performance - Banking stocks led the market rally, with State Bank of India rising 1.75 percent to ₹877.20 and Axis Bank advancing 1.18 percent to ₹1,181.20 [5] - Power Grid Corporation and Adani Ports also saw gains, while ONGC added 1.19 percent to ₹246.29 [5] Sector Performance - Metal stocks declined, with Tata Steel dropping 1.54 percent to ₹173.70 and JSW Steel falling 1.25 percent to ₹1,160.50 [6] - Eicher Motors and Max Healthcare also experienced declines [6] Market Trends - The Nifty 50 broke past a three-day hurdle at 25,220, indicating bullish momentum, with immediate resistance seen at 25,300–25,400 [7] - Bank Nifty showed strength, with support in the 55,900–55,800 band and resistance near 56,500–56,600 [7] Global Factors - Global sentiment was supported by the GAZA peace accord, which reduced geopolitical risk [8] - There are indications of a trade deal between the US and India, with India 'rebalancing' its oil purchases [8] IPO Market - The primary market remained buoyant, with the LG Electronics IPO getting oversubscribed 54 times, adding liquidity to the market [8] Commodities - Crude oil futures traded marginally lower, with October futures at ₹5,471, up 0.16 percent [9]

Core Viewpoint - The Indian IT sector is experiencing a muted outlook as indicated by a 7-8% decline in the Nifty IT index over the past three weeks leading up to the second quarter earnings season [1] Group 1: Market Performance - The Nifty IT index has decreased by 7-8% in the last three weeks, suggesting a negative sentiment in the market [1]

Indian investors will be watching IT stocks after Tata Consultancy Services’ softer-than-expected results. Read for free with your email on what could move markets today https://t.co/BxmMBIqiBM ...

Core Insights - The article provides intraday trading recommendations for various stocks including Nifty Futures, Reliance Industries, Infosys, HDFC Bank, TCS, and SBI, focusing on key support and resistance levels for trading decisions [1]. Company Summaries - **HDFC Bank**: Current price at ₹977, with a recommendation to buy at a stop-loss of ₹960 [2][3]. - **Infosys**: Current price at ₹1509, suggested to buy now or on a dip to ₹1485, with a stop-loss at ₹1460 [4][5]. - **ITC**: Current price at ₹399, advised to buy if it breaks out of ₹402, with a stop-loss at ₹398 [6][7]. - **ONGC**: Current price at ₹243, recommended to go long if it surpasses ₹245, with a stop-loss at ₹240 [8][9]. - **Reliance Industries**: Current price at ₹1377, with an uncertain intraday trend, advised to refrain from trading [10][11]. - **State Bank of India (SBI)**: Current price at ₹862, suggested to go long now or on a dip to ₹855, with a stop-loss at ₹845 [12][13]. - **Tata Consultancy Services (TCS)**: Current price at ₹3061, recommended to buy now or on a dip to ₹3000, with a stop-loss at ₹2960 [14][15]. Market Overview - **Nifty 50 Futures**: Current level at 25280, with a recommendation to buy on a breach of 25300, and a stop-loss at 25180 [16][17].

Financial Data and Key Metrics Changes - The combined market is up 18% year to date, with as-a-service up 29% and managed services only up 1.5% [6][7][31] - Managed services in the Americas grew 15% year to date, while EMEA and Asia showed declines [4][7][32] - The BPO segment generated about $1.8 billion in ACV, down 16% year on year, with a year-to-date decline of 22% [18][19] Business Line Data and Key Metrics Changes - The ITO segment was down 2% year on year but up 5% year to date, with the Americas accounting for all growth [14] - Engineering services saw a significant increase, up nearly 60% year over year and 36% year to date [15] - The BPO segment has seen a long-term decline, with nine of the past 11 quarters showing year-on-year declines [18][19] Market Data and Key Metrics Changes - The as-a-service market, which includes SaaS, is now over 65% of the total volume [6][7] - The Americas managed services segment was up 22% year over year, while EMEA was down 25% [31][32] - Asia-Pacific managed services generated $2.5 billion of ACV, down 26% year to date [33] Company Strategy and Development Direction - The company emphasizes a shift towards cloud-first platforms and AI-driven solutions, indicating a fundamental replatforming rather than just hype [3][5] - There is a focus on automation and local hiring due to new H-1B visa policies, which are expected to reshape labor delivery models [5][10] - The company is adapting to a market that is increasingly integrating technology-led solutions into BPO services [20] Management's Comments on Operating Environment and Future Outlook - Management noted that while the macro environment remains uncertain, tech services spending in the U.S. is stabilizing and even expanding in some areas [31] - The outlook for managed services remains at 1.3% for the full year, while the forecast for as-a-service has been raised from 21% to 25% [57][58] - There are mixed signals in sectors like retail and automotive, with expectations of continued pressure on discretionary spending [61][64] Other Important Information - The company is seeing a significant shift in hiring patterns within BPO, focusing on specialized skills such as AI and data science [20][21] - Pricing pressures are evident across both BPO and ITO due to intense competition and the impact of AI [22] Q&A Session Summary Question: What is the demand outlook for tariff-hit sectors like retail and autos? - Management indicated that while retail is under pressure, there are signs of increased deal activity focused on cost optimization, but bookings have not yet reflected this [61][62] Question: Will the increase in as-a-service outlook help revive demand for system integrators around SaaS implementation? - Management believes that the SaaS market is driving demand for system integrators, particularly as organizations rationalize their infrastructure to be AI-ready [60] Question: Are there delays in decision-making due to the H-1B visa fee hike? - Management noted that while there was initial concern, clarity from the administration helped calm the market, and clients have not significantly slowed down their decision-making [65]

Financial Data and Key Metrics Changes - The combined market is up 18% year to date, with as-a-service up 29% and managed services only up 1.5% [6][7] - Managed services in the Americas grew 15% year to date, while EMEA and Asia showed declines [4][7] - The BPO segment generated about $1.8 billion in ACV, down 16% year on year, with a year-to-date decline of 22% [18][19] Business Line Data and Key Metrics Changes - The ITO segment was down 2% year on year but up 5% year to date, with the Americas accounting for all growth [14] - Engineering services saw a significant increase, up nearly 60% year over year and 36% year to date [15] - The BPO segment has seen nine of the past eleven quarters with year-on-year declines, indicating a long-term decline [18][19] Market Data and Key Metrics Changes - The as-a-service market, which includes SaaS, is now over 65% of the total volume [6][7] - The Americas managed services segment was up 22% year over year, while EMEA was down 25% [31][32] - Asia-Pacific managed services generated $2.5 billion of ACV, down 26% versus 2024 [33] Company Strategy and Development Direction - The company is focusing on cloud-first platforms and AI-driven solutions, indicating a shift towards automation and local hiring due to new visa policies [5][10] - There is a notable shift towards technology-led solutions in BPO, blurring lines with ITO services [20] - The company anticipates a continued evolution in pricing models, particularly with the introduction of autonomous level pricing [27][30] Management's Comments on Operating Environment and Future Outlook - Management noted that the macroeconomic environment remains uncertain, particularly in EMEA, but sees pockets of growth in the Americas [31][32] - The company expects continued strong demand for SaaS and hyperscalers, raising the forecast for as-a-service growth to 25% [58] - There is a recognition of the pressure on consumers and sectors like retail and automotive, which may impact discretionary spending [61][64] Other Important Information - The introduction of a $100,000 visa fee for H-1B visas is reshaping labor delivery strategies, leading to increased costs and complexity [5][10] - The engineering services segment is seeing larger deal sizes, with a 26% increase in average contract value year to date [16] Q&A Session Summary Question: What is the demand outlook for tariff-hit sectors like retail and autos? - Management indicated that while retail is under pressure, there are mixed signals regarding discretionary spending, particularly in cost optimization areas [61][62] Question: Will the increase in as-a-service outlook to 25% help revive demand for system integrators around SaaS implementation? - Management believes that the SaaS market is driving up demand for system integrators, particularly as organizations rationalize their infrastructure to be AI-ready [60] Question: Are there delays in decision-making due to the H-1B visa fee hike? - Management noted that while there was initial concern, clarity from the administration helped calm markets, and clients have not significantly slowed down [65]

Stock markets rebounded on Thursday with the benchmark Sensex climbing 398 points following buying in IT firms and blue-chip Reliance Industries amid foreign fund inflows.Photograph: Shailesh Andrade/ReutersThe 30-share BSE Sensex climbed 398.44 points or 0.49 per cent to settle at 82,172.10.During the day, it jumped 474.07 points or 0.57 per cent to 82,247.73.The 50-share NSE Nifty jumped by 135.65 points or 0.54 per cent to 25,181.80. IT shares such as HCL Tech, TCS, Infosys, and Tech Mahindra gained ahea ...

Tata Consultancy reported a 1.4% increase in quarterly earnings on sluggish demand for IT services, as it braces for the impact of changes in a widely used US visa program https://t.co/7jxBkbQ97t ...

Market Performance - The benchmark indices Sensex and Nifty rebounded in early trade on October 9, 2025, with Sensex rising by 201.23 points to 81,974.89 and Nifty climbing 63.5 points to 25,109.65, driven by buying in blue-chip stocks and foreign fund inflows [1] - Foreign Institutional Investors (FIIs) purchased equities worth ₹81.28 crore on Wednesday, indicating positive sentiment in the market [2] Sector Performance - Major gainers among Sensex firms included Tata Steel, HCL Tech, Sun Pharma, Eternal, Mahindra & Mahindra, Reliance Industries, Larsen & Toubro, Axis Bank, Hindustan Unilever, and Infosys, while laggards included Power Grid, Bajaj Finance, Titan, and NTPC [2] - IT stocks have shown some recovery, although challenges remain for the segment, as noted by VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited [3] Global Market Influence - In Asian markets, Japan's Nikkei 225 index traded higher, while Hong Kong's Hang Seng index was lower, with markets in China and South Korea closed for holidays [3] - The global oil benchmark Brent crude declined by 0.50% to $65.92 a barrel, reflecting broader market trends [4] Technical Analysis - The Nifty's next target is seen at 25,670, with support near 24,901, as stated by Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd [4] - On the previous day, the Sensex declined by 153.09 points or 0.19% to settle at 81,773.66, and the Nifty dropped by 62.15 points or 0.25% to 25,046.15 [4]