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ITMedium impactAfter close

Tech stocks rally 8% amid macroeconomic concerns

after close1 source ↓written by the desknot a recommendation

over three sessions
8% rally

The Nifty IT index surged over 4% in intraday trading today, marking an 8% rally over three sessions. All ten constituents of the index, including Coforge (+6%) and Mphasis (+5%), saw gains. Despite this positive momentum, analysts caution that macro-economic uncertainty and slow AI adoption may pose challenges ahead.

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 19 May 2026, 16:13 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

COFORGE closed −0.7% on the day of the news, from ₹1,412.00 to ₹1,402.30; Nifty +0.2% over the same session; futures OI −2.4%.

Bulletin at 16:13 IST on 19 May 2026. Every change is measured from ₹1,412.00, the last close before it, on 19 May. Nifty 50 is measured over the same sessions.

  • COFORGE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
COFORGE closes around the bulletin against the close before the news, with Nifty 50 rebased to it122114121603axis spans 31%before the news · 19 May1412Nifty 50COFORGEbulletinD0+1+3+513 May25 May4 JunFutures open interest, lotspeak 39,000Reference close ₹1,412.00. 16 sessions from 13 May to 4 Jun; the price axis spans 31 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 %
Before19 May₹1,412.00basebase
On the day20 May₹1,402.30▼ −0.7%▲ +0.2%−0.9 pp difference
+1 session21 May₹1,377.00▼ −2.5%▲ +0.2%−2.6 pp difference
+3 sessions25 May₹1,398.00▼ −1.0%▲ +1.8%−2.7 pp difference
+5 sessions27 May₹1,388.40▼ −1.7%▲ +1.2%−2.9 pp difference
Gap at the open, % · ₹
▼ −0.1%−0.99 on 20 May
Day's range, % · ₹
3.6%≈ 51 high to low
Volume on the day
0.99×the 20-session average
Futures OI on the day
▼ −2.4%−870 lots · long unwinding · price −0.7%
Futures OI open, lots
35,00020 May · 26 May expiry
Futures premium, ₹
+1.20+0.1% to spot
Puts per call, by OI
0.84from 0.83 the session before
Max pain
1,300from 1,300 the session before

Source NSE UDiFF bhavcopy · COFORGE on the desk →

Thread · COFORGEAll COFORGE bulletins →

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