Stories
Sensex Today: IT Stocks in Focus as TCS Shrugs Off PERM Concerns
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CNBC TV18•09-10-2026, 08:15
Sensex Today: IT Stocks in Focus as TCS Shrugs Off PERM Concerns
- •The Nifty faces a potential ninth consecutive weekly decline following a massive sell-off, hitting a new 2026 low at 22,181.
- •IT stocks are in the spotlight due to sector developments, OpenAI disclosures, and TCS reporting results that were largely in-line with expectations.
- •TCS stated it does not expect any impact from the PERM suspension on its business operations.
- •Nifty Bank demonstrates resilience, holding onto weekly gains and maintaining a trading range between 54,000 and 55,000.
- •Key quarterly results are scheduled today from companies including Anand Rathi Wealth, Can Fin Homes, and Poonawalla Fincorp.
Key Questions Answered
TCS stated that it does not expect to face any impact from the recent PERM suspension announced by the US authorities.
The US suspended several major tech and IT companies from the PERM labor certification program, including Cognizant, Infosys, Tata, Wipro, HCL, Capgemini, Microsoft, and Adobe.
The Nifty Bank index has remained stronger than the Nifty, holding onto its weekly gains with a steady trading range between 54,000 and 55,000.
