Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Financial markets fell by almost 1.5% on Thursday as the Nifty index retested its April 2026 low of 22,182.55.
- ✓TCS reported a 15% rise in net profit, while ITC saw a large block deal.
- ✓Shares of Infosys and Wipro fell in US trading, keeping investors cautious about the market trend.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
On Thursday, the financial markets took a hit, plummeting by almost 1.5% due to robust selling pressure. The Nifty index wavered near its April 2026 low, suggesting ongoing vulnerabilities. In a positive twist, TCS announced a notable 15% rise in its consolidated net profit for the second quarter. Meanwhile, ITC engaged in a substantial block trade, while shares of Infosys and Wipro faced declines during US market hours.
Markets came under heavy selling pressure on Thursday, extending the prevailing corrective trend and declining nearly one and a half percent. After a weak opening, the benchmark indices remained under pressure through most of the session and eventually settled close to the day’s lows, reflecting sustained selling pressure across the board. Analysts say Nifty has once again retested the April 2026 low of 22,182.55 after the marginal pullback, signalling further weakness in the prevailing structure. A decisive break below this level could open the door for a move towards the 21,700–22,000 zone.
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The Economic Times
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