Infosys ADRs dropped as much as 2.6%, while Wipro ADRs were down about 1–2% on the New York Stock Exchange (NYSE), indicating a potentially soft start for the sector in domestic trade.
TCS, which announced its Q4 FY26 earnings after market hours on April 9, delivered a broadly in-line performance. In constant currency terms, revenue grew 1.2% sequentially, slightly ahead of Street expectations that ranged between 0.6% and 1.4% and what marks the Tata Group IT firm’s strongest sequential growth in seven quarters.
TCS net profit rose 29% quarter-on-quarter to ₹13,718 crore, closely matching estimates from a CNBC-TV18 poll. Revenue increased 5% sequentially to ₹70,698 crore, also surpassing projections. The company declared a final dividend of ₹31 per share.
Despite the steady numbers, ADR reactions suggest investors remain cautious on near-term demand visibility and global macro conditions.
Separately, Wipro said its board will consider a share buyback on April 16, its first such move in nearly three years. The company last executed a ₹12,000 crore buyback in June 2023, repurchasing 26.96 crore shares at ₹445 apiece.
The D-Street is expected to closely track management commentary across companies as the earnings season unfolds, with guidance likely to dictate the sector’s near-term trajectory.
Meanwhile, Gift Nifty traded 79 points, or 0.33%, higher at 10.22 pm IST, suggesting a positive start. On Wall Street, the S&P 500 and Dow Jones Industrial Average gained roughly 0.5%, while the Nasdaq Composite advanced 0.7% to session highs.
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