The IT sector delivered a mixed performance in Q1FY26, with large caps like Infosys leading in deal wins and Tech Mahindra reporting a 33.9% profit surge. Mid-tier firms such as Persistent Systems and Coforge outperformed with stronger sequential growth and better deal conversions.Margins remained under pressure due to higher costs and cautious client spending, though mid-tier players showed resilience with AI-led efficiencies. BFSI and Hi-Tech demand stayed stable, while retail and healthcare were sluggish. Here are the top picks from Axis Securities:
Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the