09/10/26, Technical Study and Market Expectations for the Next Week

The Nifty 50 staged a sharp reversal after a day of heavy selling, rising 1.3 percent on October 9 and forming a Bullish Harami candlestick pattern on the daily chart. While the pattern suggests a potential trend reversal, follow-through buying next week will be crucial to confirm the recovery. However, the broader technical structure remains bearish, with the index trading below all key moving averages—the 10-, 20-, 50-, 100- and 200-day exponential moving averages (EMAs)—on both daily and weekly charts, all of which are sloping downward.

The index also snapped an eight-week losing streak, ending the week 0.44 percent higher and offering some relief to bulls. On the weekly chart, it formed a Doji candlestick pattern, indicating indecision between buyers and sellers. Although a Doji following a downtrend can signal a potential reversal, confirmation from subsequent price action is needed before a bullish trend can be established.

On the upside, the Nifty 50 faces immediate resistance at 22,800, near the current week's high. A sustained move above this level could pave the way towards 23,000, which coincides with the 20-day EMA and the midline of the Bollinger Bands. As long as the index remains below the 23,000 zone, consolidation and range-bound trading may continue. On the downside, support lies in the 22,300–22,200 zone. A break below this range could trigger renewed selling pressure, according to market experts.

The Nifty 50 opened higher on Friday and remained in positive territory throughout the session. Extending its gains as the day progressed, the index touched an intraday high of 22,581 before closing at 22,520, up 289 points, or 1.30 percent.

The Relative Strength Index (RSI) has formed a base in the oversold zone and is now approaching 40, suggesting that selling pressure may be easing and a short-term pullback could be in the offing. The Moving Average Convergence Divergence (MACD) remained below its signal line, although the histogram indicated a moderation in bearish momentum. Together, these indicators point to the possibility of a near-term recovery, but do not yet confirm a sustained reversal.

"Technically, the market is still holding lower tops on both daily and intraday charts, which is largely negative. However, momentum indicators suggest oversold conditions, so a temporary pullback rally from current levels cannot be ruled out," said Amol Athawale, VP–Technical Research at Kotak Neo.

He identified 22,400 as a key support level for traders. If the index sustains above this level, the pullback could continue in the near term. On the upside, the Nifty 50 could rebound towards 22,800, with further gains potentially taking it to 23,000, he said.

Conversely, a break below 22,400 could intensify selling pressure and drag the index towards the 22,200–21,900 range, he added.

Weekly options data suggest that the 23,000 strike, which has the highest concentration of Call open interest, could act as a key resistance level. The 22,500 strike, which has the highest Put open interest and the second-highest Call open interest, is another crucial level to watch for directional cues. Meanwhile, the 22,400, 22,300 and 22,200 strikes, which have the next-highest concentrations of Put open interest, could provide support.

Meanwhile, the India VIX, a gauge of expected market volatility, declined 5.89 percent to close at 14.37 on Friday, easing some concerns among bulls. However, the index remains above its key moving averages and at relatively elevated levels, suggesting that caution is still warranted. A decisive decline below 12 could provide greater comfort to bullish investors.

The broader macroeconomic backdrop also warrants caution. Brent crude oil futures remained above $100 a barrel, while the US 10-year Treasury yield stayed above 5.25 percent. The rupee recovered marginally but remained near its weekly lows, while foreign institutional investors (FIIs) continued to be net sellers. These factors continue to pose headwinds for a sustained market recovery.

Bank Nifty

The Bank Nifty also staged a strong recovery on Friday, reclaiming the 55,200 mark and closing at 55,257, up 742 points, or 1.36 percent. On the daily chart, the index formed a bullish candle with a small upper shadow, indicating buying interest despite some profit-booking at higher levels.

The banking index has recovered more than 1,400 points over the past eight trading sessions, suggesting that selling momentum is weakening and buying interest is emerging at lower levels. For the week, it gained 1.48 percent, snapping a seven-week losing streak. The weekly bullish candle featured a prominent lower wick, indicating buying interest at lower levels.

The index's close above the 10-day EMA also points to an improvement in short-term momentum. The RSI recovered from lower levels and moved above 40 to 45.2, accompanied by a positive crossover. Meanwhile, the MACD registered a bullish crossover, with its histogram turning green for the first time since September, suggesting a potential improvement in momentum.

The Bank Nifty also reclaimed the 61.8 percent Fibonacci retracement level on the daily chart and closed above the crucial 55,200 resistance zone, strengthening the case for a short-term recovery.

"The index may extend its recovery towards 55,800 and 56,000, suggesting the possibility of a relief rally," said Vatsal Bhuva, Technical Analyst at LKP Securities.

However, the rebound should not yet be interpreted as a confirmed trend reversal, as the broader trend remains under pressure. Immediate support is placed at 55,000, followed by positional support at 54,800. On the upside, resistance is seen at 55,500, which coincides with the 20-day simple moving average (SMA), followed by 55,800, he added.

Report by Sunil Sankar Matkar 

Disclaimer: The views and investment tips expressed by experts here are their own and not  of  us. We advise readers and Traders  to check with certified experts before taking any investment decisions.

09/10/26, PostMarket REPORT

The equity benchmark indices Sensex and Nifty rebounded on Friday, snapping their longest weekly losing streak in 25 years, led by information technology stocks after Tata Consultancy Services (TCS) reported quarterly earnings that highlighted growing revenue contributions from artificial intelligence and strong international business growth.

The Sensex jumped 879.09 points, or 1.23 percent to settle at 72,472.33. During the day, it surged 1,075.96 points, or 1.5 percent to 72,669.20.

The Nifty climbed 288.65 points, or 1.3 percent to close at 22,520.45.

For the week, the Nifty 50 and Sensex gained 0.4 percent and 0.8 percent, respectively. Both indices had declined over the preceding eight weeks, with the Nifty falling 8.7 percent and the Sensex losing 8.4 percent.

Choice Institutional Equities said the Nifty's weekly chart had formed a Doji candlestick, indicating indecision between buyers and sellers following the prolonged correction.

The index continued to trade below the 50-week exponential moving average (EMA), while the 200-week EMA near 22,382 remained an important technical level. The weekly close was marginally above the latter.

The brokerage said the weekly relative strength index (RSI) continued to show weakness, with the index trading below the neutral level of 50. A sustained improvement in the RSI would be needed to confirm a more durable recovery.

Hariselvan Radhakrishnan, founder and chief executive officer of HST Wealth, a SEBI-registered research analyst firm, said the Nifty had formed a Doji on the weekly chart, reflecting indecision between buyers seeking a recovery and sellers defending higher levels.

A positive divergence in the daily RSI suggested that downward momentum was weakening, but price confirmation was still needed, he said.

The Nifty needs to sustain above 22,600 to extend the rebound towards 22,800. A failure to hold 22,400 could expose the index to a decline towards 22,000, Radhakrishnan said.

Dharmesh Kant, head of equity research at Cholamandalam Securities, said the market was likely to find technical support following the recent decline.

The Nifty 50 has the potential to rise about 5 percent if earnings growth meets expectations and crude oil prices ease below USD 100 per barrel, he said.

Financial stocks gained 1.7 percent during the week, supported by strong quarterly business updates and the absence of liquidity withdrawal measures by the Reserve Bank of India following its 25-basis-point rate hike.

Information technology stocks rose 1 percent over the week.

Source: Network18 

09/10/26, BIZnews Snaps

09/10/26, Global equity markets came under pressure on Thursday, with major indices across Asia

Even though the Nifty 50 slipped to its 52-week low in trade on October 8, the sell-off is not confined to India.

Global equity markets came under pressure on Thursday, with major indices across Asia, Europe and the US trading lower as a combination of rising oil prices, higher bond yields, renewed inflation fears and escalating Middle East tensions weighed on risk appetite.

The Nifty 50 fell 1.6%, but the weakness was broad-based across global markets. Japan's Nikkei and Hong Kong's Hang Seng declined 1.4% each, while China's CSI 300 fell 1.1%.

In Europe, Germany's DAX was down 1.1% and France's CAC 40 slipped 0.7%. US equities also remained under pressure, with the Dow Jones, S&P 500 and Nasdaq falling 0.4%, 0.4% and 0.5%, respectively.

The sell-off comes as investors grapple with rising concerns over inflation and interest rates. Global markets are increasingly pricing in the possibility that the US Federal Reserve could raise rates again before the end of the year, while a fresh round of inflation warnings from European Central Bank policymakers has added to uncertainty over the path of monetary policy.

Sovereign bond markets have also come under pressure. Higher US Treasury yields have supported the dollar, while the euro remained close to a 17-month low amid concerns over France's fiscal position. The widening of French bond spreads has also spilled over into Italian and Greek debt markets and parts of the European banking sector.

Oil has emerged as another major source of uncertainty for markets. Brent crude rose 1.52% to $101.73 a barrel, while West Texas Intermediate gained 1.4% to $89.50.

The latest spike in crude prices follows an increase in attacks on shipping in the Gulf and renewed concerns over the security of oil supply routes through West Asia.

The prospect of potential US military action against Iran has added to those concerns. US President Donald Trump has instructed the military to be prepared for a strike against Iran, although the timing remains under consideration.

Attacks on tankers transiting the Strait of Hormuz have further heightened concerns among traders about disruptions to one of the world's most important oil shipping routes.

Source: Network18

Disclaimer: The views and investment tips expressed by investment experts here are their own and not of  ours. We advise readers and traders  to check with certified experts before taking any investment decisions.

09/10/26, Market Strategy for Today

 The Nifty 50 remained firmly in the grip of bears on October 8, falling 1.64 percent and extending its southward journey for another session. Momentum indicators remained in bearish territory, while the index traded well below all key moving averages. Elevated oil prices, a weakening rupee, persistent FII outflows, and the India VIX moving above the 15 zone also weighed on market sentiment. If the Nifty 50 decisively breaks Thursday's low of 22,180, bears could target the psychological 22,000 mark, followed by 21,700, the April 2025 low. On the higher side, 22,400 may act as an immediate hurdle, followed by the 22,600-22,700 zone, according to experts.

Here are Important  data points we have collated to help you spot profitable trades:

1) Key Levels For The  Nifty50 (22,232)

Resistance based on pivot points: 22,497, 22,596, and 22,756

Support based on pivot points: 22,177, 22,078, and 21,918

Special Formation: The Nifty 50 hit an 18-month closing low and formed a long red candle on the daily timeframe, signalling strong bearish pressure. The 10-, 20-, 50-, 100- and 200-day EMAs were all sloping downward. The RSI remained in the super-bearish zone, falling below 30 to 27.55, while the MACD remained below the signal line, with the histogram showing an expanding red bar. Overall, these indicators point to continued bearish momentum and suggest that the index may remain under pressure in the near term.

2) Key Levels For The Nifty Bank  (54,515)

Resistance based on pivot points: 54,899, 55,055, and 55,307

Support based on pivot points: 54,395, 54,239, and 53,987

Resistance based on Fibonacci retracement: 55,897, 57,285

Support based on Fibonacci retracement: 54,053, 52,784

Special Formation: The Bank Nifty came close to the previous week's closing level after falling 1 percent on Thursday. The banking index formed a long bearish candle on the daily charts and remained below all key moving averages, reflecting continued weakness. The RSI slipped below the 40 zone to 36.45, while the MACD, which had been trending higher towards its signal line, remained below the signal line. However, the MACD histogram continued to show easing bearish momentum for the sixth consecutive session. Overall, these indicators suggest that bearish pressure persists, although the momentum may be gradually easing.

3) Nifty 50 Call Options Data 

According to the weekly options data, the maximum Call open interest was seen at the 22,700 strike (with 1.252 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 22,500 strike (1.251 crore contracts) and 22,400 strike (1.06 crore contracts).

Maximum Call writing was observed at the 22,500 strike, which saw an addition of 1 crore contracts, followed by the 22,400 and 22,300 strikes, which added 98.66 lakh and 63.07 lakh contracts, respectively. There was hardly any Call unwinding seen in the 21,800-22,750 strike band.

4) Nifty50 Put Options Data:

On the Put side, the 22,000 strike holds the maximum Put open interest (with 1.03 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 21,800 strike (67.51 lakh contracts) and the 22,200 strike (64.11 lakh contracts).

The maximum Put writing was placed at the 22,000 strike, which saw an addition of 32.72 lakh contracts, followed by the 21,800 and 22,300 strikes, which added 26.07 lakh and 14.82 lakh contracts, respectively. The maximum Put unwinding was seen at the 22,600 strike, which shed 35.39 lakh contracts, followed by the 22,500 and 22,550 strikes, which shed 19.92 lakh and 13.03 lakh contracts, respectively.

5) Nifty Bank Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 56,000 strike, with 12.43 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,000 strike (11.68 lakh contracts) and the 55,500 strike (6.61 lakh contracts).

Maximum Call writing was observed at the 55,000 strike (with the addition of 3.2 lakh contracts), followed by the 56,000 strike (87,870 contracts) and 54,700 strike (86,580 contracts). The maximum Call unwinding was seen at the 55,100 strike, which shed 31,680 contracts, followed by the 55,200 and 55,300 strikes, which shed 17,610 and 7,800 contracts, respectively.

6) Nifty Bank Put Options Data:

On the Put side, the 55,000 strike holds the maximum Put open interest (with 10.64 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 54,000 strike (6.55 lakh contracts) and the 56,000 strike (6.47 lakh contracts).

The maximum Put writing was placed at the 54,600 strike (which added 28,710 contracts), followed by the 53,400 strike (17,640 contracts) and 53,300 strike (15,780 contracts). The maximum Put unwinding was seen at the 54,500 strike, which shed 88,710 contracts, followed by the 55,200 and 55,300 strikes, which shed 88,050 and 58,320 contracts, respectively.

7) Funds Flow (Rs in Crores) 

8) Put-Call Ratio:

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, dropped to 0.73 on October 8, compared to 0.89 in previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

Written by Sunil Shankar Matkar 

Source: Network18 

08/10/26, market intraday news

The benchmark indices Sensex and Nifty declined on Thursday as rising crude oil prices, foreign fund outflows and growing prospects of tighter domestic and global monetary conditions for longer weighed on investor sentiment.

At around 11:30 am, the Sensex was down 772.30 points, or 1.06 percent at 71,866.40, while the broader Nifty declined to 22,337.30, down 265.75 points or 1.18 percent.

The Nifty and Sensex snapped a two-session winning run in the previous session after the Reserve Bank of India (RBI) raised its benchmark repo rate by 25 basis points to 5.50 percent, marking the first hike in nearly four years amid mounting inflation and strong economic growth.

All major Nifty sectoral indices declined, barring IT and consumer durables. The broader Nifty Smallcap 100 and Nifty Midcap 100 dropped up to 1 percent.

Key factors behind market decline

1) Rise in crude prices: Brent crude, the global oil benchmark, traded 2.02 percent higher at USD 102.2 per barrel amid persistent worries over West Asia supplies, driven by increased attacks on shipping in the Gulf and the Strait of Hormuz.

2) FII selling: Persistent foreign selling remained a concern. Foreign institutional investors sold Indian equities worth more than Rs 6,100 crore on Wednesday.

Stock Market LIVE Updates

3) RBI rate hike: The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50 percent on Wednesday, its first hike in nearly four years, while signalling that rate cuts are off the table in the near term and that further hikes could follow amid rising inflation, a weak rupee and high crude oil prices.

The six-member Monetary Policy Committee (MPC) of the RBI voted unanimously to raise the repo rate and sprang a surprise with a shift in policy stance to "calibrated tightening" from "neutral".

"The key overhang is no longer the RBI's rate increase alone, but the growing prospect of tighter domestic and global monetary conditions persisting for longer, potentially keeping pressure on risk appetite and foreign flows. The RBI's shift to calibrated tightening, followed by Federal Reserve minutes indicating another US rate increase may be required this year, could limit risk appetite," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm, said.

4) Weak global cues: In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hang Seng index quoted lower. US markets ended lower on Wednesday. Wall Street futures also traded lower, indicating a weak start to US equities.

"The outlook for Indian equities remains cautious after the RBI raised its repo rate to 5.50 percent, tightening domestic financial conditions at a time when global markets are already contending with elevated Treasury yields and geopolitical uncertainty. Tighter domestic financial conditions and a fragile global risk backdrop could keep investors defensive," Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

Among stocks, Paytm and One Mobikwik tumbled 7 percent each, while Pine Labs fell 3.1 percent after CNBC-TV18 reported that the planned October 15 rollout of merchant fees on certain digital-payment transactions could be delayed by a few months, citing sources.

ITC fell 3 percent after about 4.4 million shares changed hands in 12 block deals at a discount of 0.6-3.1 per cent over the last close, according to data compiled by LSEG..

Technical Outlook

Anand James, Chief Market Strategist at Geojit Investments, said "Yesterday's multiple attacks at 22574 calls for an extended period of consolidation, before setting a direction. Though considerably weakened, the 23100-220 view is still in play, with downside marker at 22439."

Report by Paras Bist

Source: Network18 

08/10/26, Market Strategy for Today

The Nifty 50 snapped its two-day winning streak and declined 0.76 percent on October 7 after the RBI expectedly raised the repo rate. The index is still not out of the woods technically, as bears continue to maintain control over the broader structure, although there are some signs of easing bearish momentum. FII selling, a weakening rupee and crude oil prices above $100 a barrel also weighed on market sentiment. The Nifty 50 needs to post a decisive breakout above 22,800 for further upside towards 23,000. Until then, consolidation may continue, with immediate support in the 22,500–22,400 zone, followed by 22,200 as a crucial support level, experts said.

Here are data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty50(22,603)

Resistance based on pivot points: 22,688, 22,728, and 22,794

Support based on pivot points: 22,557, 22,516, and 22,451

Special Formation: The Nifty 50 formed a bearish candle on the daily charts and sustained below all key moving averages, indicating weakness. The 10-, 20-, 50-, 100- and 200-day EMAs continued to slope downward. The RSI moved lower but remained slightly above the signal line. The MACD stayed below the reference line, although the red histogram bar contracted for the third consecutive session. These indicators suggest that the broader trend remains weak, while bearish momentum appears to be gradually easing.

2) Key Levels For The Nifty Bsnk(55,056)

Resistance based on pivot points: 55,280, 55,446, and 55,715

Support based on pivot points: 54,742, 54,575, and 54,306

Resistance based on Fibonacci retracement: 55,897, 57,285

Support based on Fibonacci retracement: 54,053, 52,784

Special Formation: The Bank Nifty formed a small-bodied green candle with noticeable upper and lower wicks, resembling a high-wave candlestick pattern on the daily timeframe and indicating indecision among bulls and bears. The banking index fell 0.13 percent and sustained below all key moving averages, although the 10-day EMA flattened out. The RSI, at 40.87, remained above its signal line, while the Stochastic RSI also continued to slope upward with a positive crossover. The MACD inched closer to the reference line, while weakness in the MACD histogram eased for the fifth consecutive session. These indicators suggest that bearish momentum is gradually weakening, although the broader trend remains weak.

3) Nifty Call Options Data:

According to the weekly options data, the 23,000 strike holds the maximum Call open interest (with 96.31 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 22,800 strike (94.57 lakh contracts) and 22,700 strike (86.09 lakh contracts).

Maximum Call writing was observed at the 22,800 strike, which saw an addition of 53.05 lakh contracts, followed by the 22,600 and 23,000 strikes, which added 47.19 lakh and 41.16 lakh contracts, respectively. There was hardly any Call unwinding seen in the 22,150-23,100 strike band.

4) Nifty50 Put Options Data:

On the Put side, the maximum Put open interest was concentrated at the 22,600 strike (with 62.5 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 22,200 strike (60.68 lakh contracts) and the 22,500 strike (49.29 lakh contracts).

The maximum Put writing was placed at the 22,200 strike, which saw an addition of 31.55 lakh contracts, followed by the 22,600 and 22,400 strikes, which added 22.57 lakh and 12.48 lakh contracts, respectively. The maximum Put unwinding was seen at the 22,700 strike, which shed 12.18 lakh contracts, followed by the 22,450 and 22,800 strikes, which shed 6.1 lakh and 4.28 lakh contracts, respectively.

5) Nifty Bank Call Options Data:

According to the monthly options data, the 56,000 strike holds the maximum Call open interest, with 11.55 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,000 strike (8.48 lakh contracts) and the 56,500 strike (7.9 lakh contracts).

Maximum Call writing was observed at the 55,000 strike (with the addition of 72,540 contracts), followed by the 55,500 strike (44,850 contracts) and 56,500 strike (37,530 contracts). The maximum Call unwinding was seen at the 54,000 strike, which shed 51,930 contracts, followed by the 56,000 and 55,100 strikes, which shed 19,590 and 17,880 contracts, respectively.

6)Nifty Bank Put Options Data:

On the Put side, the maximum Put open interest was seen at the 55,000 strike (with 10.74 lakh contracts), which can act as a key support level for the index in the short term. This was followed by the 54,000 strike (7.01 lakh contracts) and the 56,000 strike (7 lakh contracts).

The maximum Put writing was placed at the 55,200 strike (which added 94,050 contracts), followed by the 55,500 strike (82,170 contracts) and 55,300 strike (66,210 contracts). The maximum Put unwinding was seen at the 56,500 strike, which shed 17,940 contracts, followed by the 56,000 and 54,900 strikes, which shed 14,940 and 5,520 contracts, respectively.

Report by Sunil Sankar Matkar

Source: Network18 

08/10/26, TCS Q2 estimations

 India's largest software exporter Tata Consultancy Services (TCS) is set to announce its July-September quarter earnings on October 8, kicking off the Q2 IT earnings season.

During the quarter, TCS won a $1.45 billion mega deal, acquired Porsche's IT arm MHP and announced a Rs 70,000 crore data centre project in Hyderabad. Its parent, Tata Sons, is also navigating an internal leadership rift.

Brokerages expect muted sequential growth for TCS in an otherwise seasonally strong quarter, as AI-led deflationary pressures weigh on growth prospects.

Here are five key themes to watch in the company's management commentary:

Slower growth, steady margins

According to CNBC-TV18's poll estimates, rupee revenue is expected to grow 1.3 percent quarter-on-quarter (QoQ) to Rs 73,225 crore. Profit after tax (PAT) is likely to rise 2.4 percent QoQ to Rs 13,673 crore in Q2.

EBIT margin is projected to remain broadly steady, expanding 20 basis points from 24 percent in the previous quarter, CNBC-TV18's poll showed.

TCS had also absorbed the impact of annual wage hikes in the previous quarter, leading analysts to expect some margin support in Q2.

“We forecast a 100 bps yoy margin decline yoy and stable qoq margins. The yoy decline reflects wage revisions, the impact of acquisitions, and ongoing pricing pressure. EBIT margins typically expand in the quarter following annual wage hikes, supporting sequential stability,” said analysts at Kotak Institutional Equities.

Deal pipeline remains strong

Brokerages HDFC Securities and Kotak Institutional Equities have pegged TCS' total contract value (TCV) for the second quarter at around $8-11 billion, after the company closed several multi-year deals, including a mega deal during the quarter.

The IT services giant has maintained strong deal closure momentum across sectors and geographies compared with peers in Q2.

Apart from the $1.45 billion deal with German luxury automaker Porsche, TCS has signed multi-year, multi-million-dollar partnerships with ABB, JFK Airport, JLR, Aareal Bank, Dubai Gold & Commodity Exchange (DGCX) and Vodafone, among others.

Investors will be watching the company's commentary on a recovery in discretionary spending, delays in decision-making and the demand outlook for the second half of the fiscal year.

M&A drives growth prospects

Like rival Accenture, TCS has been on an acquisition spree, with the second quarter seeing two key announcements.

TCS acquired Porsche's IT arm MHP for around $373 million, gaining capabilities and client relationships in automotive consulting and technology engineering.

TCS is also expanding its global capability centre (GCC) practice. It acquired Best Buy's GCC unit in Bengaluru and, according to media reports, won a Rs 2,000 crore five-year mandate from the company.

The management's commentary on its M&A strategy, GCC ramp-ups as a growth opportunity and the impact of acquisitions on margins will be closely watched.

AI pipeline, new prospects

TCS is in the midst of a major AI overhaul as it reprioritises businesses and ventures into newer areas aligned with its AI-first technology services strategy.

As part of this strategy, the company recently announced a Rs 70,000 crore investment to set up a 1GW data centre in Hyderabad.

In June, the company reported annualised AI revenues of close to $2.6 billion, growing 13.6 percent QoQ.

How TCS plans to monetise these infrastructure investments, along with the broader outlook for its AI strategy, will be in focus.

Hiring plans in H2

As of Q1, TCS had already rolled out offers to around 25,000 freshers. While the company had earlier indicated that it could hire freshers in similar numbers to FY26, when it hired more than 40,000, it later said FY27 additions would depend on demand in the coming quarters.

TCS is also planning to add around 8,900 forward-deployed engineers (FDEs) to strengthen its AI-focused sales and consulting approach.

Any update on the company's hiring strategy, particularly for the second half of FY27, will be closely watched.

Report by Mr Debangana Gosh 

Source: Network18