Tech Mahindra

Infosys shares rose over 6% following the launch of Editorial Link Intelligence (ELI), an AI-driven tool designed for enhanced digital journalism in collaboration with Handelsblatt Media Group. ELI aims to improve editorial efficiency and reader engagement through content recommendations.

Shares to buy or sell: Chandan Taparia has recommended three stocks to buy today, 2 June 2026 - Tech Mahindra, NBCC (India) and National Aluminium Company shares.

The Gift Nifty Live Chart shows a negative start for the Indian stock market today. By 7:30 AM, the Gift Nifty was trading around the 23,243 level, a discount of 219 points from the Nifty futures’ previous close of 23,462. Stocks like Saregama India and Tech Mahindra are recommended for purchase.

Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%.

Indian IT stocks saw significant buying interest, with Wipro, Infosys, and TCS among the major gainers. The Nifty IT index surged nearly 3%, reflecting renewed investor confidence amid improving market sentiment and optimism regarding AI and attractive valuations.

The Nifty IT index gained almost 1% to rise to the day's high of ₹ 29,177.80 apiece, with all index constituents in the green. The IT pack rose 4.31% last week, though it remains flat with a negative bias for the month so far.

Following the sharp correction, analysts believe IT stock valuations have turned attractive. However, the absence of clarity around AI-led disruption and future earnings growth could cap near-term upside.

Coforge, Tech Mahindra, and other tech stocks rallied on May 18, with the NIFTY IT index rising 2.4%. Analysts attribute this to currency weakness and export earnings, despite concerns over AI disruption and mixed earnings guidance from major firms, leading to a decline of 25.3% in 2026.