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IT sector faces weak Q1 FY27 amid slowing demand

pre-market1 source ↓written by the desknot a recommendation

The Indian IT sector is expected to report subdued performance in Q1 FY27 due to global disruptions and delayed deal closures. Wipro is predicted to be at the lower end of the performance range, while Tech Mahindra may lead. Discretionary tech spending is under pressure, shifting focus towards cost optimization rather than growth. 📉

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, 07:02 IST.

Sourcesnews.google.com

The market after the news

WIPRO closed −1.0% on the day of the news, from ₹176.08 to ₹174.32; Nifty +0.7% over the same session; futures OI +0.1%.

Bulletin at 07:02 IST on 6 Jul 2026. Every change is measured from ₹176.08, the last close before it, on 3 Jul. Nifty 50 is measured over the same sessions.

  • WIPRO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
WIPRO closes around the bulletin against the close before the news, with Nifty 50 rebased to it160.09176.08192.07axis spans 20%before the news · 3 Jul176.08Nifty 50WIPRObulletinD0+1+3+529 Jun9 Jul20 JulFutures open interest, lotspeak 1.3 LReference close ₹176.08. 16 sessions from 29 Jun to 20 Jul; the price axis spans 20 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 %
Before3 Jul₹176.08basebase
On the day6 Jul₹174.32▼ −1.0%▲ +0.7%−1.7 pp difference
+1 session7 Jul₹173.00▼ −1.8%▲ +0.5%−2.3 pp difference
+3 sessions9 Jul₹172.76▼ −1.9%▼ −1.3%−0.6 pp difference
+5 sessions13 Jul₹178.43▲ +1.3%▼ −0.3%+1.6 pp difference
Gap at the open, % · ₹
0.0%0.00 on 6 Jul
Day's range, % · ₹
1.6%≈ 2.7 high to low
Volume on the day
0.30×the 20-session average
Futures OI on the day
▲ +0.1%+180 lots · short build-up · price −1.0%
Futures OI open, lots
1.3 L6 Jul · 28 Jul expiry
Futures premium, ₹
−1.23−0.7% to spot
Puts per call, by OI
0.66from 0.69 the session before
Max pain
175from 175 the session before

Source NSE UDiFF bhavcopy · WIPRO on the desk →

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