Latest Updates Around The World
Infosys’ American Depositary Receipts (ADRs) fell 5% on the NYSE to hit a low of $13.99 on Friday as AI-induced fears over the likely impact on Wall Street firms weighed. To make matters worse, wholesale inflation rose sharply to 2.9% in January, far higher than estimates of 1.6%, pushing markets the wrong way, according to […]
Indian stock markets tumbled on Friday, extending losses for the second straight session, as FMCG, auto, real estate and pharmaceutical stocks came under heavy selling pressure. The defeat wiped out over Rs 3.4 lakh crore of investor wealth, bringing the BSE’s total market capitalization down to around Rs 465 lakh crore.Sensex fell over 600 points […]
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 […]
Mumbai: Traders have stepped up their bearish derivatives bets on India’s IT sector to all-time highs in recent times as global AI-related developments have raised questions over the prospects of software exporters and triggered a sharp sense of risk in the sector. While most IT stock futures see their biggest position builds in 2026, bearish […]
The combined market valuation of six of the top 10 most valued companies rose by Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest gainers.The 30-share BSE Sensex rose 187.95 points, or 0.22 percent, in the past week. Larsen & Toubro, State Bank of […]
Foreign institutional investors (FIIs) are fleeing India’s tech sector at an alarming rate, unconvinced that software services giants can survive the AI disruption that threatens to erode their business models. FIIs withdrew Rs 10,956 crore from Indian IT stocks in the first two weeks of February after the launch of new models from Claude and […]
The recent partnership between Infosys and US-based AI startup Anthropic has created buzz on the streets, but industry experts are urging investors to separate hype from long-term fundamentals.Speaking to ET Now, Sumit Pokharna of Kotak Securities described the partnership as “a step in the right direction” and “the need of the hour.” He explained: “The […]
According to Motilal Oswal, Indian markets appear poised for better performance in CY26, especially after the sharp underperformance of around 26% in USD versus MSCI EM in CY25. The brokerage believes that the earnings environment is stabilizing and macro conditions are turning supportive following a series of monetary and fiscal measures by the RBI and […]
