IT Stocks Outlook
To take cues from US-Russia talks amid tariff concerns
This story was originally published at 21:43 IST on 14 August 2025
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MUMBAI – The direction of information technology stocks next week will largely depend on the outcome of multiple cross-country trade talks scheduled later this week and over the next, amid persisting worries over US tariffs. Investors will focus on the outcome of US President Donald Trump's meeting with Russian President Vladimir Putin in Alaska on Friday to discuss how to end the war in Ukraine. Further discussions between the US and India will also be monitored by the Street, according to analysts.
On Wednesday, US Treasury Secretary Scott Bessent, in an interview to Bloomberg TV, warned that the US could increase secondary tariffs on India "if things (US-Russia talks) don't go well". Earlier this month, Trump issued an executive order imposing an additional 25% tariff on India over its purchases oil and weapons from Russia. With this, the culminative additional tariffs on Indian imports to the US will be 50%.
This week, the Nifty IT index rose 1.3%, breaking its five-week losing run. This was also higher than the rise of around 1% in both the Nifty 50 and the Sensex over the week. During the week, data showed US consumer prices increased moderately in July, leaving intact the case for a interest-rate cut by the US Federal Reserve next month. Hopes of an interest rate cut were further boosted after Bessent Wednesday said, "I think we could go into a series of rate cuts here, starting with a 50-basis-point rate cut in September."
Next week, the Nifty IT index is seen finding support at 34365.90 levels and facing resistence at 35565.80.
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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| COFORGE LTD | 1642.00 | 2.20 | 1666.10 | 1609.50 |
| HCL TECHNOLOGIES LTD | 1489.80 | 1.00 | 1527.70 | 1466.90 |
| INFOSYS LTD | 1447.70 | 1.70 | 1491.80 | 1404.20 |
| L&T TECHNOLOGY SERVICES LTD | 4153.80 | (-)0.60 | 4233.50 | 4099.50 |
| LTIMINDTREE LTD | 5108.00 | 1.90 | 5332.00 | 4988.00 |
| MPHASIS LTD | 2720.20 | 0.90 | 2770.50 | 2673.10 |
| PERSISTENT SYSTEMS LTD | 5289.00 | 3.60 | 5371.30 | 5206.30 |
| TATA CONSULTANCY SERVICES LTD | 3022.30 | (-)0.50 | 3069.20 | 2995.60 |
| TECH MAHINDRA LTD | 1486.70 | 0.40 | 1545.40 | 1455.60 |
| WIPRO LTD | 246.81 | 3.30 | 251.90 | 239.90 |
| NIFTY IT | 34833.20 | 1.30 | 35565.80 | 34365.90 |
| NIFTY 50 | 24631.30 | 1.10 | 24710.70 | 24557.20 |
| BSE SENSEX | 80597.66 | 0.90 | 80874.20 | 80351.60 |
End
Reported by Arya S. Biju
Edited by Avishek Dutta
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