Jefferies upgraded the IT sector rating to Neutral, affecting major software exporters including Wipro, HCL Technologies, and Infosys.

The entities involved

• Wipro →

  Indian information technology services corporation headquartered in Bengaluru, India

  • A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.Mon 15:42
  • Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.Mon 13:05
• HCL Technologies →

  information technology consulting, outsourcing services and software development company

  • Major Indian IT companies including TCS, Infosys, Wipro, and HCL experienced significant stock price declines on January 1, 2026, amidst market corrections and expert commentary on TCS.Mon 03:25
  • HCL Technologies is acquiring a 10.46% stake in Sarvam AI, India's full-stack sovereign AI company.Mon 03:05
• Infosys →

  Indian multinational technology company

  • On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.Mon 15:42
  • Infosys and Tata Consultancy Services are listed as largecap companies in India.Sun 03:05

Related events

• Infosys, HCL Technologies, and Tata Consultancy Services are identified as major IT companies with high dividend yields.Thu 08:23
• Major Indian IT companies, including TCS, Infosys, Wipro, and Persistent Systems, are thriving due to optimism surrounding the US-Iran diplomatic engagement.Jul 2
• Indian equities, including IT and auto stocks, are supported by Asian markets despite oil price volatility.Aug 28
• Infosys, HCL Technologies, Adani Enterprises, and Titan experienced mixed market performance on September 15, 2026, with some gains and sell-off pressures.Sep 15