Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here’s why

May 18, 2026

IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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