The heavyweight tech stars such as Tata Consultancy Services, Infosys, HCLTech, and Wipro traded higher to lift the Nifty IT index by 2.6% after the opening bell.
The Tata Group company reported strong growth across key businesses in the first quarter of FY27, led by jewellery and a sharp jump in its international operations.
Xbox will eliminate 3,200 jobs through FY27 as part of its biggest restructuring, streamline operations, and separate several game studios to improve profitability.
With Q1 FY27 earnings season approaching, investors will closely monitor management commentary on deal pipelines, AI monetisation opportunities, hiring trends, margin outlook and discretionary spending recovery across major sectors, says IDBI Capital.
