Top Indian software firms more than doubled hiring additions in Q2
According to TradingView, five of the six largest Indian IT companies doubled job additions in July–September, while Wipro cut 6,700 jobs.
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what happened
According to ru.tradingview.com, five of the six largest Indian technology companies doubled their net hiring in the July–September quarter, to 10,300 employees. The data counters fears that artificial intelligence would shrink jobs in an industry worth $315 billion. At the end of September, the sector carried a combined 7.52% weight in the Nifty index.
Wipro was the only company in the top six that reduced headcount, by 6,700. Excluding Wipro, TCS, HCLTech, Tech Mahindra and LTM (formerly LTIMindtree) added 17,100 employees. Infosys is not included in the calculations, as it will report earnings on October 23 and has not yet shared its latest manpower figures.
why it matters
For markets, the signal is growing optimism about sector growth, and the sector has a notable weight in the Nifty. Infosys results on October 23 will be the key checkpoint for revenue and sentiment across the industry.
market impact
Indian IT stocks and Nifty: hiring growth supports sector sentiment; Infosys results on October 23 are the key checkpoint
tags
instruments
sources
- Software Majors Add More Hands in Q2 on Deal Wins, Growth Optimism — ru.tradingview.com, 17 October 2026 at 04:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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