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TCS, Tech Mahindra, Bajaj Auto, Bharti Airtel, among top 10 stocks that outperformed NIFTY50 this week; check full list. IT stocks, auto stocks, among others, have emerged as the top 10 stocks to outperform NIFTY50 in the week ended Friday, October 16, 2026. Here's what investors need to know. Stock list NIFTY50 has delivered around 2.5% returns to investors over the last five trading sessions as of Friday, October 16, 2026. Stocks like Tata Consultancy Services (TCS), HCL Tech, Infosys, Bajaj Auto, Mahindra & Mahindra, and Bharti Airtel were among the top 10 stocks which outperformed the benchmark NIFTY50 index in the week ended Friday, October 16, 2026. Open FREE Demat Account within minutes! NSE data showed that NIFTY50 has delivered around 2.5% returns to investors over the last five trading sessions. During Friday's trading session, the NIFTY50 index surged 0.66% to hit an intraday high of 23,149 points, in comparison to 22,997.35 points at the previous equity market close, according to NSE data. The BSE SENSEX surged 0.62% to a high of 74,778.78 points on Friday's market, when compared to 74,315.61 points at the previous equity market close, as per the exchange data. Investors largely focused on the Q2 earnings momentum this week as companies posted healthy earnings and positive guidance for the upcoming period amid global market pressure arising from elevated oil prices, US Treasury yields above 5%, and selling pressure in AI-related stocks. Here's a list of top 10 stocks which outperformed the benchmark NIFTY50 index this week. Top 10 stocks that outperformed NIFTY50. | Company name | 5-day returns | 1-month returns | YTD returns | | Tech Mahindra | 17.5% | 14.2% | 10.7% | | TCS | 13.6% | 11.9% | -24% | | HCL Tech | 12.76% | 9.5% | -16% | | Infosys | 12.6% | 8.7% | -29% | | Bajaj Auto | 6.6% | -10% | 9% | | Eicher Motors | 2.7% | -3.4% | -1.4% | | Mahindra & Mahindra | 4.1% | -5% | -22.6% | | Bharti Airtel | 5.2% | 3.5% | -10% | | HDFC Bank | 2.4% | 0.4% | -27% | | Ultratech Cement | 2.5% | 2.3% | -8% | IT stocks in focus. IT stocks like Tech Mahindra, TCS, HCL Tech and Infosys emerged as the top-performing companies in the NIFTY50 index in the week ended Friday, October 16, as investors focus on the overall healthy performance of the sector in the July to September quarter earnings. This week, IT stocks witnessed a sustained rally in the domestic equity indices. The overall sentiment was further strengthened by the cool-off in the US Treasury yields, as lower yields are favourable for tech and IT sector stocks. The sector benchmark Nifty IT index has risen more than 11% this week, while the benchmark index NIFTY50 was only up 2.7% in the week ended October 16. Tech Mahindra. Shares of Tech Mahindra have significantly outperformed the benchmark NIFTY50 index this week, against the backdrop of the overall momentum in the IT sector and the company's strong earnings performance, latest bonus issue, and interim dividend update in the September quarter results. Data showed that the IT company's net profits surged 8.2% sequentially to ₹1,465 crore, while the revenues gained 3% on a quarter-on-quarter basis. On a yearly basis, Tech Mahindra's profits surged 33%, while the revenues advanced 15.6% to ₹15,712 crore in the period under review. Along with the Q2 earnings, Tech Mahindra announced a ₹15 per share interim dividend and a 1:1 bonus issue of equity shares for investors. Tata Consultancy Services (TCS). TCS shares also significantly outperformed the benchmark index NIFTY50 as investors focused on the consolidated net profit gains amid key support from revenue surge and deal wins in the period. The IT major's consolidated net profits surged around 15% to ₹13,884 crore, while the revenue from core operations advanced 11.2% year-on-year (YoY) to ₹73,188 crore in the period under review. Although operating profit increased 4.6% YoY, the EBITDA margins contracted by 162 basis points to 25.70% in the quarter ended September 2026, from 27.32% in the corresponding quarter a year earlier. The company also announced an interim dividend of ₹12 per share for every eligible shareholder up to the predetermined record date of the corporate action. HCL Tech. NSE data showed that HCL Tech shares surpassed NIFTY50 returns this week as investors reacted to the company's nearly 11% growth in net profits with the help of strong improvement in artificial intelligence (AI) revenues. HCL Tech recorded nearly 11% growth in consolidated profits, an 11.5% surge in revenue from core operations year-on-year and a 3% jump in revenue sequentially in the second-quarter results for FY27. The IT company's Q2 earnings were in line with and slightly ahead of market estimates, adding support to the sentiment of investors amid the management revising its lower revenue and services guidance. HCL Tech now expects revenue growth in the range of 2.5%-4% YoY in constant currency terms for the current fiscal year. Infosys. Infosys is scheduled to announce its Q2 results on October 23, 2026, and the board is also set to consider and approve an interim dividend for shareholders for the financial year 2026-27. The IT stock outperformed this week as investors focused on the overall momentum for IT stocks amid healthy earnings from other peer companies. Auto stocks in focus. Automotive stocks like Bajaj Auto, Eicher Motors, and Mahindra & Mahindra emerged among the top 10 stocks which outperformed the benchmark NIFTY50 index this week as investors focus on festive season demand gains. Auto stocks were witnessing elevated buying interest from investors as the festive season is generally beneficial for the companies, with customers purchasing more during the auspicious season of Navaratri, Durga Puja and upcoming Diwali in the third quarter. This comes at a time when experts predict that the Indian markets are looking more attractive to investors amid global market tensions, selling pressure in AI stocks, and higher-than-expected US inflation data. Other top gainers. Bharti Airtel, HDFC Bank, and Ultratech Cement were also among the top 10 stocks which outperformed the benchmark NIFTY50 index in the week ended Friday, October 16, amid the buying momentum this week. Experts from HSBC predict that, with the Indian equity market offering attractive valuations, investors are now more open to non-AI stories as India offers diversification amid global market pressure. However, despite the elevated interest in the markets, the macroeconomic headwinds remain a key concern as inflation is expected to hit the 6% level in the third quarter of FY27, due to the prolonged impact of the West Asia crisis, as per RBI's latest estimates. Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

The University of Manchester announces plans for a major new centre for education, research and innovation in Bengaluru, India. * Science * 15 Oct 2026 5:45 pm AEST * Share The University of Manchester has announced plans to establish a major new centre in Bengaluru, strengthening its long-standing ties with India and creating new opportunities for collaboration with students, innovators, industry and alumni. The proposed Centre in Bengaluru will provide a permanent platform for The University of Manchester to deepen its engagement with one of the world's most dynamic education, research and innovation ecosystems. It will help to bring together academic expertise, industry knowledge and entrepreneurial talent to address shared challenges and create opportunities for students and researchers. Building on The University of Manchester's successful Partner-Enabled Learning (PEL) model in the UK, the centre in Bengaluru will create opportunities for students to gain practical experience through internships, work placements and industry-led projects. The PEL model aims to close skills gaps by embedding real-world projects with employers, public bodies and community organisations into degree programmes, ensuring students graduate with practical experience as well as academic knowledge. It focuses on developing skills such as adaptability, problem-solving, collaboration and employer engagement through credit-bearing projects and micro-internships. The University of Manchester has established relationships with leading businesses and industry partners across India, including organisations such as Reliance, Tata and Infosys, alongside a wider network of technology companies. The Centre will build on these connections to strengthen industry engagement and create new opportunities for students and researchers. The announcement comes as The University of Manchester joins the first-ever Great North Mayoral Mission to India, taking place from 12 to 16 October 2026. The mission brings together universities, businesses, civic leaders and cultural organisations from across the North of England to forge new connections, build lasting relationships and share expertise with India. Bengaluru has been identified as the preferred location for the Centre due to its position as one of India's leading hubs for higher education, technology and innovation. The city is home to some of the country's foremost universities and research institutes, alongside a thriving community of global businesses and technology companies. Many already collaborate with Manchester's academics and graduates, providing a strong foundation for the University's future presence in the city. The announcement marks a significant step in the University's ambition to strengthen its global presence, as set out in its strategy, From Manchester for the World. It builds on decades of collaboration with partners across India and will create new opportunities to tackle global challenges by connecting Manchester's expertise with India's dynamic research, technology and innovation communities. The Centre was announced at a special event at the Science Gallery Bengaluru, which featured alumni and leaders from sectors such as culture and business. The Mayor of Greater Manchester, Bev Craig also attended and there were panel discussions on innovation and culture led by President and Vice-Chancellor of The University of Manchester, Professor Duncan Ivison. Professor Ivison said: "There is an incredible depth to Manchester's relationship with India across education, business and culture. Our new Centre will be at the heart of deepening those relationships and I'm very excited to see what we can give, and what we can learn over the coming years." Discover more Book Beach Resorts National Tribune Digital Political News Subscription The University of Manchester has international centres in Dubai, Hong Kong, Shanghai and Singapore. The proposed Centre aligns closely with the University's International Delivery Plan, which places global engagement as a key objective of Manchester 2035. The plan recognises that international partnerships will be central to delivering world-leading research, creating new educational opportunities, strengthening innovation ecosystems and ensuring Manchester remains a partner of choice around the world. The University of Manchester was the first in the UK to establish a joint PhD programme with an Indian institution, launching its dual award PhD with IIT Kharagpur in 2021. It also established collaborations with institutions including the Indian Institute of Science Bangalore, BITS Pilani in fields of engineering and computer science, Jawaharlal Nehru Centre for Advanced Scientific research and the Manipal Academy of Higher Education. This visit forms part of the University's Challenge Accepted fundraising and volunteering campaign, which has included launch events in Delhi and Mumbai.

AI infra investments at risk from high costs: Infosys CEO Salil Parekh. Published: Oct 13 2026, 06:31 PM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us Infosys CEO Salil Parekh said high data centre and chip costs, and emerging cheaper AI models, pose risks to AI infrastructure investments. He highlighted uncertainty over the longevity of current capacity and its potential impact on utilisation. High data centre and chip costs, coupled with emerging AI models offering cheaper inference, pose risks to AI infrastructure investments and future capacity utilisation, Infosys CEO Salil Parekh said. Speaking at the Bloomberg New Economy 2026, the Infosys CEO highlighted that the rapid expansion of AI infrastructure comes with technological risks, particularly due to the high cost of building data centres and uncertainty over how long existing capacity will remain relevant. "In terms of the risk, I think, my sense is there is some risk in technology what we see in the cost of the buildout of the data centre capacity, the chips they are massively expensive today," he said. He further pointed out that growing competition in AI infrastructure adding, "what will be the duration of the longevity of that capacity is not clear." Impact of new AI models. Parekh further noted that new foundation models are being developed using approaches different from those adopted by the two major closed-model companies, which is potentially reducing inference costs and "can affect overal capacity usage." Infosys's focus on adaptation and skilling. Apart from this, he highlighted Infosys is already building AI agents for enterprise clients and developing methods to transition legacy technology to newer systems. However, he flagged, "What is critical there is really training and skilling our employees and making sure that they are available and ready to use all these techniques for our clients." Client focus on cost-effectiveness. Parekh said companies are increasingly examining whether they can perform the same tasks using lower-cost tokens rather than relying on the latest AI models. "...clients have started looking can we use more cost tokens for the same work...so, do we need the most recent models?," he said. Data's growing importance and restrictions. Parekh further stressed, data is becoming "fastest growing commodity" particularly for large enterprises and governments. Adding data requirements are even more rigid now, he noted, rquirements of soverign cloud is further restriciting some of the capacity buildout. "We will see more and more focus on that data and how that is being scaled up for enterprise and for the sovereign nation states." (ANI) (Except for the headline, this story has not been edited by Asianetnews Editorial staff and is published from a syndicated feed.) Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New