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:
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader