Latest Updates Around The World
Real estate stocks fell as much as 5% on Tuesday, amid a carnage in the IT sector, which is facing an existential crisis in AI-led challenges. India’s technology sector is among the top employers and is linked to the demand for commercial real estate and urban housing.The Nifty Realty index fell 3% today to touch […]
Shares of major information technology companies came under pressure on February 24, falling as much as 8%, following a sharp decline in IBM among restive investors on Wall Street. The stock fell 13%, its worst single-day drop in 25 years, after AI startup Anthropic said its Claude tool can help streamline COBOL code.COBOL, short for […]
After a brutal two-day sell-off that saw Infosys and Wipro ADRs fall as much as 14.5%, Friday’s session brought a much-needed breather. The bargain hunt started at lower levels, leading to a sharp rebound as Infosys rose 4% while Wipro rose 3%, helping both stocks end the week on a much stronger note.A whopping Rs […]
Infosys’ American Depositary Receipts (ADRs) reversed Thursday’s losses on Friday, rising 4% in early trade to hit a day’s high of $14.77, while Wipro’s ADRs rose 2.2% to $2.33 despite selling pressure on the Nasdaq Composite and weak trading in domestic IT stocks for yet another session today.Major indices on Wall Street were trading lower […]
Benchmark indices Sensex and Nifty opened 1% lower on Friday, extending losses for the second straight session, after a deeper sell-off in IT stocks disrupted investor sentiment amid rising fears of AI-induced disruption. The slide also came on Friday the 13th – a date long considered unlucky in the West.Heavyweights Infosys, TCS, HCLTech and Wipro […]
The software sector was rocked overnight by what analysts are calling a ‘SaaSpocalypse’ – a sudden and severe sell-off caused by new artificial intelligence tools unveiled by US AI startup Anthropic. This episode has heightened investor fears that AI will no longer just help software companies, but may now replace them. So, first: what exactly […]
IT stocks fell as much as 3.7% on Monday ahead of the earnings season, which starts next week with the announcement of third-quarter results by IT vendor Tata Consultancy Services (TCS) and HCL Technologies.HCL Technologies was the biggest loser, followed by Infosys, which fell 3.5% intraday to hit an intraday low of Rs 1,583.10 on […]
Promoter sales rose to record levels in 2025, crossing Rs 1.5 lakh crore and surpassing last year’s peak of Rs 1.43 lakh crore. While the sharp increase has raised concerns among some investors, market veterans say the trend is more nuanced than the numbers suggest. This is the third year in a row where promoter […]
IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]
