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IT sector faces pressure ahead of Q1 earnings

India's IT sector is poised for a challenging Q1 earnings season, with major companies like TCS and Infosys down 50-56% from their peaks. The sector has faced a combined market-cap loss exceeding ₹17 lakh crore, raising concerns among investors.

after close1 source ↓written by the desknot a recommendation

seen declines
56%
from their all-time
50%

India's IT stocks are under scrutiny as they enter the June-quarter earnings season, facing a combined market-cap loss of ₹17 lakh crore. Major players like TCS and Infosys have seen declines of 56% and 50% from their all-time highs, respectively. This earnings season is critical for restoring investor confidence amid significant market erosion.

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 6 Jul 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TCS closed +1.9% on the day of the news, from ₹2,057.60 to ₹2,096.10; Nifty −0.1% over the same session; futures OI −1.5%.

Bulletin at 16:07 IST on 6 Jul 2026. Every change is measured from ₹2,057.60, the last close before it, on 6 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 it180320582312axis spans 28%before the news · 6 Jul2058Nifty 50TCSbulletinD0+1+3+530 Jun10 Jul21 JulFutures open interest, lotspeak 2.4 LReference close ₹2,057.60. 16 sessions from 30 Jun to 21 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 %
Before6 Jul₹2,057.60basebase
On the day7 Jul₹2,096.10▲ +1.9%▼ −0.1%+2.0 pp difference
+1 session8 Jul₹2,057.500.0%▼ −2.2%+2.2 pp difference
+3 sessions10 Jul₹2,069.00▲ +0.6%▼ −0.9%+1.5 pp difference
+5 sessions14 Jul₹2,200.60▲ +7.0%▼ −1.6%+8.5 pp difference
Gap at the open, % · ₹
▼ −0.4%−7.61 on 7 Jul
Day's range, % · ₹
3.6%≈ 74 high to low
Volume on the day
1.03×the 20-session average
Futures OI on the day
▼ −1.5%−3,300 lots · short covering · price +1.9%
Futures OI open, lots
2.1 L7 Jul · 28 Jul expiry
Futures premium, ₹
−4.10−0.2% to spot
Puts per call, by OI
0.65from 0.66 the session before
Max pain
2,100from 2,100 the session before

Source NSE UDiFF bhavcopy · TCS on the desk →

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