Vi e w p o i n t | 04 Aug 2026 09:30:00 ET │ 23 pages India IT Services Debates Post 1QFY27 Earnings; Outlook & Catalysts CITI'S TAKE 1QFY27 performance was in line with lowered/muted expectations for most large caps while mid caps performed better on reported growth – similar to prior quarter trends. Aggregate growth trajectory for top 9 IT cos remains stuck in low gear; unchanged. NSEIT has now underperformed NIFTY by ~11% CYTD, despite the sharp bounce from May lows (+16%) driven by "Anti AI" rally. The ...