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Analyst favors Coforge, Mphasis over IT majors ahead of earnings

Analysts suggest investors prefer Coforge and Mphasis over major IT firms ahead of Q1 earnings. With TCS set to report, guidance will be critical after prior weak outlooks led to a sector sell-off.

after close1 source ↓written by the desknot a recommendation

India's IT sector is poised for Q1 earnings, with TCS leading the results cycle. Analysts caution that guidance will be crucial for market sentiment, following a previous quarter's sell-off triggered by weak outlooks from large-cap firms. Investors are advised to focus on the outlook rather than the recent stock rally.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 7 Jul 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TCS closed −1.8% on the day of the news, from ₹2,096.10 to ₹2,057.50; Nifty −2.1% over the same session; futures OI +1.0%.

Bulletin at 16:05 IST on 7 Jul 2026. Every change is measured from ₹2,096.10, the last close before it, on 7 Jul. Nifty 50 is measured over the same sessions.

  • TCS close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TCS closes around the bulletin against the close before the news, with Nifty 50 rebased to it183720962355axis spans 28%before the news · 7 Jul2096Nifty 50TCSbulletinD0+1+3+51 Jul13 Jul22 JulFutures open interest, lotspeak 2.3 LReference close ₹2,096.10. 16 sessions from 1 Jul to 22 Jul; the price axis spans 28 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before7 Jul₹2,096.10basebase
On the day8 Jul₹2,057.50▼ −1.8%▼ −2.1%+0.3 pp difference
+1 session9 Jul₹2,049.50▼ −2.2%▼ −1.8%−0.4 pp difference
+3 sessions13 Jul₹2,181.50▲ +4.1%▼ −0.8%+4.8 pp difference
+5 sessions15 Jul₹2,189.20▲ +4.4%▼ −1.3%+5.8 pp difference
Gap at the open, % · ₹
▼ −0.1%−2.10 on 8 Jul
Day's range, % · ₹
2.9%≈ 61 high to low
Volume on the day
0.80×the 20-session average
Futures OI on the day
▲ +1.0%+2,100 lots · short build-up · price −1.8%
Futures OI open, lots
2.2 L8 Jul · 28 Jul expiry
Futures premium, ₹
−13.60−0.7% to spot
Puts per call, by OI
0.62from 0.65 the session before
Max pain
2,100from 2,100 the session before

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