The management commentary by each of the companies reveals that the demand slack is on account of either a delay in decision making by clients or sporadic ramp downs in some of the projects. Going by the deal additions of TCS and HCLTech’s narrative of making up for the lost ground in subsequent quarters purports that the slowdown is of transient nature since clients continue to invest for the long term
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
October 2, 2026