Mphasis, an Indian IT consulting firm, has acquired Theory and Practice Business Intelligence Inc. (TAP), a Vancouver-based provider of decision intelligence software. TAP was founded in 2018 Rogayeh Tabrizi, PhD, and has 24 employees listed on LinkedIn.

After a three-day break, Indian equity markets are set to resume trading on April 6, with cautious optimism. Analysts suggest buying Adani Power, Anand Rathi Wealth, and Mphasis, while highlighting global tensions and market volatility as key factors influencing investor sentiment.

Stock market today: Experts have recommended these five stocks to buy today — MRPL, Chennai Petroleum Corporation, Mphasis, Torrent Pharma, and Hindustan Zinc

In this briefing: Quiddity Leaderboard BSE ​​​​SENSEX Jun26: Sector Consideration Continues to Influence ADDs Choices The Indian Solar Fall: What’s Really Behind the 126% US Duty? Global Active Fund Regional Positioning: US Underweight, EM Rotation, and Europe’s Structural Bias HSIE Results Daily: ABB India Mphasis: Navigating AI-Led Deflation Via Robust TCV. Maintain ADD 1. Quiddity Leaderboard BSE ​​​​SENSEX Jun26: Sector Consideration Continues to Influence ADDs Choices BSE SENSEX represents the 30 largest stocks listed in the Bombay Stock Exchange (BSE) in India. The next rebalance for this index will take place in June 2026. We previously expected only one index change. However, there is one more name getting close to the border and our expectations for ADDs/DELs can still change. In this insight, we take a look at the Potential ADDs/DELs and we explain how sector considerations can play a role in the selection of replacement ADDs. 2. The Indian Solar Fall: What’s Really Behind the 126% US Duty?

Many midcap IT companies stated the move won’t hurt operations. They added that their reliance on such visas is limited, stressing localization and AI-led hiring.

Analysts said the Nifty IT index, which has been under pressure since late 2024, is showing short-term strength above key moving averages, with Coforge, LTIMindtree, and Mphasis standing out.

Fed’s first 2025 rate cut raised hopes of higher US discretionary spending, a key demand driver for Indian IT firms.

Nifty IT index fell 2.25% on Friday, marking its fourth straight loss and seventh decline in eight sessions.

With earnings due July 24, Mphasis continues to trade above key moving averages. A strong Q1 could push the stock toward ₹3,050, according to the analyst.