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Persistent Systems announces largest acquisition to date

after close1 source ↓written by the desknot a recommendation

$1 billion

Persistent Systems has made its largest acquisition to date, acquiring Germany-based digital engineering firm Nagarro for over $1 billion. This strategic move aims to bolster its position in the competitive midcap IT sector.

The acquisition is expected to enhance capabilities and expand market reach, potentially impacting investor sentiment positively in the IT space.

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 2 Jul 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PERSISTENT closed +2.2% on the day of the news, from ₹4,580.60 to ₹4,682.70; Nifty +0.4% over the same session; futures OI +0.5%.

Bulletin at 16:04 IST on 2 Jul 2026. Every change is measured from ₹4,580.60, the last close before it, on 2 Jul. Nifty 50 is measured over the same sessions.

  • PERSISTENT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PERSISTENT closes around the bulletin against the close before the news, with Nifty 50 rebased to it406846305192axis spans 28%before the news · 2 Jul4581Nifty 50PERSISTENTbulletinD0+1+3+525 Jun8 Jul17 JulFutures open interest, lotspeak 51,000Reference close ₹4,580.60. 16 sessions from 25 Jun to 17 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 %
Before2 Jul₹4,580.60basebase
On the day3 Jul₹4,682.70▲ +2.2%▲ +0.4%+1.8 pp difference
+1 session6 Jul₹4,715.80▲ +3.0%▲ +1.1%+1.9 pp difference
+3 sessions8 Jul₹4,769.50▲ +4.1%▼ −1.2%+5.3 pp difference
+5 sessions10 Jul₹5,053.90▲ +10.3%▲ +0.1%+10.2 pp difference
Gap at the open, % · ₹
▲ +1.9%+89.32 on 3 Jul
Day's range, % · ₹
2.7%≈ 130 high to low
Volume on the day
1.64×the 20-session average
Futures OI on the day
▲ +0.5%+220 lots · long build-up · price +2.2%
Futures OI open, lots
44,0003 Jul · 28 Jul expiry
Futures premium, ₹
0.000.0% to spot
Puts per call, by OI
0.79from 0.69 the session before
Max pain
4,500from 4,500 the session before

Source NSE UDiFF bhavcopy · PERSISTENT on the desk →

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